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Gold Double Inverted H&S Bottom?


Since I start blogging I've been giving out my outlook on gold both short term and long term, outlining the main points of why we may soon start another bullish trend but at the same time being caution of the possibility that we may get another major swing low, below the psychological level $1000, before the resumption of the gold secular bull trend. Here you can find my previous blog posts about gold: …
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CommunitySupport avatar

good job, as usual ;)

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PPandM 28 Lip

... and I like that shiny stuff , (just) the same as anybody else. Community support is d*mned right, good job, as usual ;)

Daytrader21 avatar

PPandM I'm working to build my own gold vault:)))

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PPandM 28 Lip

@Daytrader21: This strip cartoon is uploaded especially for YOU ... (figuratively) ... YOUR BUSINESS PLAN:1. buy vault(s) for gold (check)2. fill them with gold

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GBPAUD retest 0.84 level before go south?

Framework:
I. Fundamental: U.K's Fundamental data continues to support for GBP. Meanwhile Australia's fundamental data change from bullish to neutral after soft CPI data, next move of AUD depend on employment data.
II. Currency positioning: Net long position for both GBP and AUD.
III. Technical view:
1. Weekly chart: The pair GBPAUD go down when hit long-term downtrend line, reversal sign confirmed by a break neck line. The price go down and hit support at 1.774. There are two bullish candles fr…
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Haynes6EU avatar

The price fall down from 0.83 resistance level. Fundamental is supporting for AUD. Employment data is good :D

Haynes6EU avatar

Next target: 1.76. After that price go up!!!!!!!!!!

Haynes6EU avatar

1.783 level hold and price bounce from there. AUD is loosing up momentum

Haynes6EU avatar

The pair bounce from 1.783 level. Now the pair can retest the neck line at 1.836~1.84 area

Haynes6EU avatar

It seems that the pair is consolidation in wave 4 and prepare for wave 5. The pair can visit 1.76 before go up to 2.0. Maybe?

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