DeGRAM

GOLD: Channel breakdown. The hunt continues!

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
So. Gold breaks the ascending channel to the top, strengthening its troend movement. The strongest bear hunt is underway. The instrument at the moment breaks through the resistance of 1906.800 and will most likely continue its movement. I assume either a consolidation at the level or a correction to the 1906.8 level after a small long movement with further growth to the important target - 1960.0

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