tradetoprofit

GOLD - Bears slowing down?

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Previous idea indicated that Gold could break through the 1450's and continue bearish momentum. This momentum has seemed to stall as we are now trading in this key support zone (look at the news headlines) . A bullish pin bar seems to be forming on the daily time frame, Gold could reject off this zone and shift momentum back to the upside.

Stay patient, do not hop in too early.

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