elroytrader1

Gold following similar price action to earlier in the year

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
A overlay of gold's price/action from February, where today (Aug 20) is about Apr 25, suggests a rise now. This is also enhanced by a bullish pennant (symmetrical triangle).

Either enter here (1339) with stop 1294 and target 1434, RR 2.11, or wait for a lower entry.

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