MarcoOlevano

#Gold spot on critical support once again

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
This chart doesn't need much explanation - the $1680 has been solid support on multiple occasions since April 2020. It is also where we see intersection of both the 200 simple and 200 exponential moving averages which should provide further support. This level should hold but also watch out for the flush of weak hands and reversal above. Always safer to buy the reversal but just putting it out there how important this level is.

Happy trading!

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