macroasset

Gold Bullish Signal

Long
COMEX:GC1!   Gold Futures
2
After 3,5 months in a sideways movement, Gold breaks up 1625 resistence. Based on technical chart we can expect a bullish short term uptrend to 1738. We wait for a closing value above 1625 to confirm the signal, with stop loss under 1585. The trend is correlated with EURUSD , that's in uptrend at the moment, above 1.2450.
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