tomgeorgejr

Gold Broke Major Trendline - Bullish Momentum Pushing Price Up!

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
I previously had a bearish bias until the strong bullish momentum Gold showed us yesterday. Price broke a MAJOR trendline with a strong bullish candle. Price also retraced 50% on the daily. The way structure has formed on the daily against an ascending trendline indicates a lot of stored bullish momentum.

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