Nick_C_

Interesting action from gold this past week, now a long?

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
5
Analysis on chart.. gold has broken out of the downtrend pitchfork (see post below). In the near term, gold is a long swing into the 1185 area, with a stop under the most recent range expansion daily bar. If gold slices through the mode, achieves target price projection and maintains stability above it, a critical blow would be dealt to the dollar.
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