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HomeEcTradingCo

Short term sell, Long term buy

Long
Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)  
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FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Wave Analysis Chart Patterns Double Bottom rightshoulder leftshoulder retracement
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trendanalysis waveanalysis chartpattern doublebottom rightshoulder leftshoulder retracement
Gold presented a double bottom during a corrective wave after strong movement to the upside. I want to see price action push up a bit more before we catch a retracement to the Right Shoulder of a H&S formation. There we will ride the next impulse wave.

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Comment:
Gold missed our Sell Limit at the 123.6% Fib extension level, Instead retracing to the 100% level before hitting our Buy Limit Entry to continue the trend.
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