We may have a forming here, in which case watch for the bounce and possibly attempt to short this instrument. However, if this level is breached, then I suspect longs are in play and a triangle breakout will confirm a new trend. (Will post an update showing the triangle formation).
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If you were to enter now and place stop losses below the 1100 area, bear in mind that Gold will swing during tomorrow nights decision, but I am heavily under the suspicion the Gold will go North from here!