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AntMwah
Jan 27, 2018 3:06 PM

Gap up on Sunday  Long

Gold FuturesCOMEX

Description

The RSI on this 4hr chart has bottomed, we've seen it touch the channel bottom & I now think we will see a sustained push to break $1363 (black horizontal) which is the present resistance. With USDJPY looking set to head lower the conditions seem likely for a surge during the Asian session once we reopen after the weekend. Stay long to $1363, then buy more at the backtest and look for $1380.
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