This butterfly pattern seats in a pretty comfortable support and resistance zone with a somewhat visible ascending head and shoulder formation. So I have picked my entry points as you can see but remember to watch the fundamentals. Here are the fundamental factors to keep in mind on Gold: -Australian ANZ Job Advertisements -Australian TD Securities Inflation -Australian Inventories and Company Operating Profits -Japanese Consumer Confidence -US Factory Orders -UK Markit/CIPS Construction PMI -Eurozone Sentix Investor Confidence -Eurozone PPI
Good Luck
Komen
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Correction: The support line at 1241.73 is a DAILY SUPPORT line
Do you believe the Catalonia Vote is responsible for the major move friday? I dont know about you but i got REKT lol
UnknownUnicorn1118164
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@mcgough_max, Gold is fond of doing nasty things to me but i never stake more than 1% on gold, so i take it as one of those moments where I have to accept a small loss as part of the game :)
Here is what happened on my previous Gold setup - it was another disaster.