Cipher structure for December. Gold will retrace and drop again.
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1160 might be the bottom. Watch closely the price action around 1177, which is on the top edge of the descending channel. Short at 1183~1185 area. Still think the 1153 area needs to be bottom to be touched for a spike up to 1216
Commentaire
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Another Cipher pattern from around 1210 can be considered, The target is 1205, then a drop to 1153. Then this cipher from 1153 to 1216, then to 1133.