BenjiMiller
Long

GOLD recaptures support trendline

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Its about 40 minutes until the FED decision and gold has slowly but surely recaptured the rising support trendline (purple parallel lines).

This bodes well for the yellow metal in the coming days, I believe.

Comments

Looks to me like potential cup and handle it’s working on. Timeframe looks right too
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I think it’s up too. Maybe a flush to yesterday low during the immediate release but I’m a buyer.
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