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Date Posted: 08:45:48 08/11/19 Sun
Author: Philbond007
Subject: Gold: daily candle chart

On 7/12, I posted a gold chart indicated ONE candle close above $1,438 makes $1,500 very doable. On 7/18, the price did just that, followed by a small pullback, sideways action, then finally a breakout on 8/1 which took the price to $1,500+. Where to from here?

I'm thinking the move from 8/1 looks nearly vertical on the chart below, so maybe another stab at the $1,510+ level, then lower. Either way, my guess is $1,438 gets tested before a stab at the $1,560 level.

We'll know soon enough:



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