✅GOLD is trading in an Uptrend above the key level Of 1930$ and has formed A bullish pennant so all the Signs are pointing upwards Thus, IF we see a bullish Breakout we can go long But IF there is a breakout To the downside then the Setup is invalid LONG🚀
Thanks for awesome explanation of current market situation
AnabelSignals
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Cheers, mate!
HAMED_AZ
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Amazing
ProSignalsFx
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Do you think we will see a bullish breakout?
UnknownUnicorn12014721
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@ProSignalsFx, I believe so. Price is at a key manipulation zone and everyone in discussions is bearish. Candles from the past 3 weeks have shown banks/ institutions are pushing towards the upside. Plus, on the weekly chart the last 2 candles could indicate a large number of sellers are trapped. I could see a retracement going into the 1900 or high 1800 range to bring in more liquidity for a seller wipeout before making its way near 2073 and eventually scaling to the downside. Obviously, just an assumption but I will be looking both ways with hopes of a shot to the upside. (Maybe retracement even into mid 1900 it's hard to tell)