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Smart Trade

@smart

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date_rangeJoined Jan 2019
Comex > Gold,Silver,Crude etc...
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#Gold tests strong support at 1490/88. Longs now are risky. Further losses test of 3 month trend line support at 1483/81. A break below 1480 is another sell signal targeting 1470, perhaps as far as good support at 1450/48.
Gains are likely to be limited with minor resistance at...
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Gold: high of sorts is formed within presumable 4th wave. Two possible counts are marked as blue and green alt B.

The blue alt B suggests direct decline to 1294 - 1285 area (previous target in the 4th wave); 1304 is support where I anticipate a bounce.
Green alt B would just set...
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Gold Longs need stops below 1280. A break is a short term sell signal targeting 1275/74, perhaps as far as as a buying opportunity at 1267/66, with stops below 1262.
First resistance at 1296/96 but a break above 1300 is a buy signal targeting 1303/04 & 1308/09, perhaps as far as ...
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