Gold has a sharp descending channel down to 1312 which was our short trade final target. We want to see some bullish sign to confirm that this is only a correction from long-term view. This is also a C for potential CYPHER pattern, whose D could send gold back to 1360 again.
On daily chart, we would assume there is a support need to confirm.
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@FUNTRADER-Vera thanks Vera! do u have any idea about ETCUSD? I just saw your TA about etcbtc
AhmedFouad
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Hi..Thanks for your analysis....What are the chances that Gold may reach 1375 before Silver (according to your last trade idea) may reach 18.00 ? It seems Silver is following Gold but Silver is lagging so much behind Gold.....Best regards