Mr. Crabs
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There is strong demand near support and consolidation leads me to believe another bounce is in store for this quarter.
The recent capitulation leads me to believe the bottom for the short-term has already been reached.
Target to begin selling is $1,435, a 5% gain would be a reasonable estimate to close this position and wait to re-enter after a retraction. I believe gold will consolidate and accumulate in the $1,300-$1,600 range for some time and am banking on buying the support.
The recent capitulation leads me to believe the bottom for the short-term has already been reached.
Target to begin selling is $1,435, a 5% gain would be a reasonable estimate to close this position and wait to re-enter after a retraction. I believe gold will consolidate and accumulate in the $1,300-$1,600 range for some time and am banking on buying the support.
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