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Gold Spot / U.S. Dollar
Long

Gold Weekly Outlook

By MrGbohunmi
Updated
Gold's weekly timeframe has been consolidating since last month and last week, it broke the consolidation but couldn't close below the range but closed back in the range, which is a fake-out. I Predict this fake-out will continue pushing the price up.
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Last week's candle has closed back in the range with a solid bullish candle; this is a good confirmation that the price will keep pushing up.
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I saw this coming! We just needed enough volume to either come in through high-volume news or a session open; I believe the Bulls will come in once the weekly closes bullish above the last resistance.
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The weekly candle closed above all resistance; Gold should retest $2,150 this month.
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On it's way to the Highest High @$2,150
Trade closed: target reached
Note
GOLD has created a new all time high..
Candlestick AnalysisSupport and ResistanceTrend Analysis
MrGbohunmi

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