Hello, Traders!
GOLD broke UP out of the bear flag and also broke horizontal resistance
Which now makes me more bullish than bearish
And while I know that the falling resistance is not broken yet
The last time it was simply ignored by the market
So it is less strong I think
Therefore, it makes sense to pick gold up from support after pullback
And go long with 3 targets in sight possibly catching the short cover wave as well
Cautious long!
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Related publications
Disclaimer
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