Lestoque Report

After the breakouts on the daily chart, proces appear poised to test the meckline of the head amd shoulders pattern on the weekly chart.

Prices broke down from the broadening formation on wednesday, hesitated briefly on Thursday and then broke dowm from the zdescending triangle on Friday. The breakouts carry more weight as the occured going into the weekend.

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The one day reversal even looks impressive on the weekly chart. The aforementioned 54 week rectangle and it’s target are visible here.

Textbook one day reversal after gold reached the target set by a 54 week rectangle on the weekly chart. This is not a tradeable event.