GOLD UPDATE: Watch for breakout towards $1200

The commodity is in a large corrective structure and it's looking more likely that we break down, a smaller degree break inside this larger structure has already occurred to the downside and will give a nice opportunity to go short and wait for a larger breakout once confirmed. Once at the bottom trend line, a break from here can send it falling towards $1200.

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Yorum:

we got a break and if confirmed should get us below $13