olly48

Gold Looking Bullish Again

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
I posted on Gold last week that I was expecting a big move. It dropped a bit after that but now is looking like breaking higher. It now looks like it has broken a resistance and is rising to the trendline. I expect it to break above the trendline as well and test the next resistance. For a safer entry you can wait for it to retrace from this resistance level to enter, I am already long though. The previous high of 1960 is a good target although I am holding this long term to reach new all time highs. SL can be around 1825
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