Gold is in a long term bull trend, boosted by strong fundamentals (supporting macro and fiscal environment). Furthermore, seasonality shows upside cycle from december. As technical picture is forming a corrective and longer bull flag, it can break out soon and aiming the previous highs with a rapid like move. MACD shows that bulls are at the corner, and ready to break the midline. A call a buy here. Entry at this support area or preferably when breaking out of the bull flag/counter d1 trendline.
Trade closed: stop reached
breakeven
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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.