Gold: Rain of Fakeouts

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Hello traders!

As I always told you buying on bullish breakouts never works. The winning probability of buying on bullish breakouts is 1 out of 6 but if you sell on bullish breakouts then the winning probability is 5 out of 6 times.

The numbers are the failed breakouts counting.

The Gold has already failed 5 times and this time we might see a mega pump in Gold price. This breakout can push the Gold price to break an all-time High. Again when we see a breakout of the resistance at 2076 then we will see some natural retracement.

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I hope you will not follow those who just draw a trendline and shows an arrow towards the upside because it's not the correct way and these posts hurt my brain LOL.

Nota
Buy after a breakdown istantanea
Bullish PatternsbuyChart PatternsfakeoutsGLDGoldWave AnalysisXAUUSD

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