Still, a bullish double-bottom reversal pattern may be forming on the daily bar chart.
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Bulls have gained upside technical momentum recently and a bullish double-bottom reversal pattern has formed on the daily bar chart.
However, good gains in the near term would begin to produce a bullish double-bottom reversal pattern on the daily bar chart.
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Bulls have gained solid upside technical momentum recently and a bullish double-bottom reversal pattern has formed on the daily bar chart.
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Copper bulls have the slight overall near-term technical advantage and a bullish double-bottom reversal pattern has formed on the daily bar chart.
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That has produced significant near-term technical damage to also suggest a bearish double-top reversal pattern has formed on the daily bar chart.
Copper bulls still have the slight overall near-term technical advantage and a bullish double-bottom reversal pattern has formed on the daily bar chart.
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Some fresh near-term technical damage was inflicted Thursday to raise the specter of a bearish double-top reversal pattern forming on the daily bar chart.
If there had been good follow-through selling pressure Thursday, then a bearish double-top reversal pattern would have been confirmed on the daily bar chart.
Prices are now in a three-week-old downtrend on the daily bar chart and the specter of a bearish double-top reversal pattern on the daily chart has resurfaced.
The solid price gains Thursday morning are a good sign for the bulls that the potential double-top reversal will not be confirmed and that prices will continue to trend higher.
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But the bulls do not want to see follow-through selling pressure on Friday to produce a bearish weekly low close and raise the specter of a bearish double-top reversal pattern forming on the daily bar chart.
No chart damage has occurred recently, but the bulls are still a bit worried about the specter of a bearish double-top reversal pattern forming on the daily bar chart, if gold prices show more losses this week.
No chart damage occurred Monday, but the bulls do not want to see good follow-through selling pressure on Tuesday that would likely produce some near-term technical damage and raise the specter of a bearish double-top reversal pattern forming on the daily bar chart.
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