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Details on chart.
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Gold towards targets.
brexit will reignite the gold bugs and the bull market is on, historically the fall is a very good time for gold and silver so there's going the rest of 2016 should be on the up and up.
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Being that the candle that started the bullish run was at 1208, 78% fib says 1240 might be the low sweet spot, however if you go to the weekly chart, it looks like it is forming a flag pattern up, and if you do fib from the very bottom from last october till now low might be 1120..and the DXY is very bullish that drives metals down...interesting times ahead
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Different times different scenarios.. for now Brexit fear will drive markets in coming days.. and Gold will keep on jumping.. Down fall in gbpjpy and gbpusd has just begun.... UK vote to go out from Europe will drive market in coming days..
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Sorry if you are not understanding.. actually its 60 min chart.. and I am trading as per previous support and resistances..
Brexit is over and UK people decided to stay out of Europe.. so from last week gold was heading down due to speculation and polls that UK will remain in EU.. but final output is different.. so Gold upside is completely restored and move towards 1400 very likely in coming days.
Brexit is over and UK people decided to stay out of Europe.. so from last week gold was heading down due to speculation and polls that UK will remain in EU.. but final output is different.. so Gold upside is completely restored and move towards 1400 very likely in coming days.
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