ColmoreFX

GOLD RESUMING WEEKLY TREND?

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold has found support on the 4hr timeframe inline with structure and weekly 38.2 fib retracement. We can see that price has just broken out of the trendline resistance and expect a pullback to potentially trade bullish price action to the upside. Could potentially target a lot higher if you are looking for the weekly trend to resume.

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