sloan_tc

gold buys .. breakout or fakeout?

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has broken out of a megaphone pattern that formed at a nice area of support on the daily and 4h chart. I expect gold to continue bullish to retest the 4h trendline that was broken a while back and possibly continue bullish much further. However, I would be happy to take profit at the retest.
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