GOLD/U.S.Dollar Back down to 1200

10 dic 2014

After yesterday's scare, Gold has given us an outside return back into previous structure highs. On the way we've happened to form an advanced pattern as well. I typically prefer deeper completing Gartley patterns, but even though this one is shallow, it goes with the underlying trend. Pattern traders can look for a move back down to that magical 1200 level, why trend continuation traders have the opportunity to use this as an entry reason to hop on a potential bigger move.