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Gold - We look to Buy at 1231

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 18, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Gold - We look to Buy at 1231 (stop at 1224) Gold - Price action has continued to range within a triangle formation. Price action looks to be forming a bullish flag/pennant. Posted a Bearish Inverted Hammer Bottom on the Weekly chart. With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals. Selloff stalled at the daily Ichimoku Cloud. Preferred trade is to buy on dips. Our profit targets will be 1244 and 125.

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