An Additional Thought on $GOLD, Longer Time Frame

The technicals I pointed out this morning on $GOLD point to a short-term move, but I’ve spotted an inverse head and shoulders pattern that may also come into play over the coming weeks, even perhaps couple of months. Obviously we will need the neckline to be recaptured, but I will note the measured move target because I think we will recapture it. Despite not having a right shoulder, I suspect it stopped selling where it did today because I think it’s going to try to make one.


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