A continuation from my previous post to long gold at the demand zone around 1310.
At the same time, an AB=CD pattern is also completed right at the bottom of the 1-month rising channel.
This will be the last line of defence for the gold to remain bullish in the mid-term trend, thus I consider this as the best entry price to long gold.
At the same time, an AB=CD pattern is also completed right at the bottom of the 1-month rising channel.
This will be the last line of defence for the gold to remain bullish in the mid-term trend, thus I consider this as the best entry price to long gold.
Ordre annulé:
Gold turned bearish.
