LONG position
Gold is still on a long-term uptrend.
Support line @1454.62 was tested and respected.
50% fib-line tested and price bounced off, looking to take-profit @1600(23.6%)
Support line @1454.62 was tested and respected.
50% fib-line tested and price bounced off, looking to take-profit @1600(23.6%)
Note
Update: Take-Profit successfully reached @1600(23.6).Bulls are still dominating the trend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.