In Friday's commentary, I was wondering if Gold turned bullish. And, indeed, after a new dip to 1740, the price revered and has started to grow. At this moment gold in trading exactly in resistance and still under the descending trend-line. A break of the horizontal resistance can clarify the future direction and expose 1780-1785 On the other hand, reversal here could lead to a new low under 1730
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This consolidation under 1760 resistance should lead to a strong break
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After a short lived dive under 1750, bulls took control