Gold bounced of wedge support and showing some construction
Gold bounced from lows where we have strong wedge support, built nice bull flag and resolved to upside. I see some buying signals here. My plan is to trade Long close to support lines at $1292.62 then $1290.65. Resistance at $1296.37, if buyers will manage to pull it through than we can expect some follow through to next resistance at $1302-05 area.
Good numbers from China Manufacturing PMI could boost demand for commodities.
Good numbers from China Manufacturing PMI could boost demand for commodities.
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