Buy the gold H+S fake break

Nice opportunity here to re-enter gold longs again.

I doubt this head and shoulders break will be sustained while the hourly and 4 hourly moving averages remain so bullish. See below how the moving averages are all above the hourly (green 200ma)

snapshot

Falling wedge as well on the 5 min charts

snapshot

Stop below the last swing low at 1900.

As always while the long term trend line remains intact its safe to buy the dips and this looks like a good one again

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Chart PatternsDXYGoldgoldtradingTechnical IndicatorsSilverTrend Analysis

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