Gold / XAUUSD / GC - Gold throws a short term buy signal
Gold has stayed buoyed above within the pennant after a false break to the downside. This false break occurred on high volume which strengthens the signal. This also greatly weakens my bearish bias. This market is choppy and could get very volatile today so if you do decide to trade any signals right now do so with due diligence and don't oversize your positions. Also keep generous stop loss distances to prevent whipsawing. If price is able to shoot higher from here then we may see a longer term trend reversal form.
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