AdvancedPlays

GOLD Recovery

Long
AdvancedPlays Updated   
MCX:GOLD1!   Gold Futures
Gold recently sold off after falling below its ascending wedge, but looks ready to make a recovery after breaking above a descending trendline. I'd expect upside from here, or a retest of the trendline before moving higher.
Comment:
It looks like gold may not retest that trendline for quite some time. It just consolidated above and broke out of a descending wedge. Hard to find any entry now, there will be another pullback at some point.

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