eskgroup

Gold Update - Playing Bullish PAs

FX:XAUUSD   Gold / U.S. Dollar
189 0 10
In addition to Weekly SMA100 resistance (1257s), we note Daily H&S pattern forming. We are waiting for a break of neckline (see chart) to activate shorts with target bottom of the rotational box. In the meantime we are buying the support for bullish pips.

Points of Interest: MA20 on Daily 1238s.
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