We have hit a perfect double top in gold futures at 1767.9 (1767.2 first low in Nov) on a monthly time frame. Cycles are up and selling volume is decreasing. As long as gold doesn't close below 1767.2 this week - it is one of the most bullish assets on the planet right now! However, remember to be cautious because futures trading involves a substantial risk of loss and is not suitable for all investors.
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1767 is also 50% of the trading range MAR2020-AUG2020 period - very important support level and this week gold decides whether to pass it or not...
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I sincerely apologise, I have only just a noticed a mistake in the name of the idea - it is a double bottom not a double top. Late night ideas...
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Check the fresh updates please!
