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The thing about H&S patterns is their drive for SYMETRY! In terms of TIME, the H&S BOTTOM is ALREADY in place & also the NECKLINE,altho downsloping, has been penetrated. The best case for bulls is for AU to find support @ the neckline. On a congestion only basis, AU hasn't had enough price activity below $925 to punch through resistance without a pullback...
Feb 02 10:05 am
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All Comments by Tech-trac »Hold Off on New Gold Positions [View article]
Buy on weakness($875) seems in order..