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Andrewmycomp
Aug 2, 2019 8:13 AM

GOLD: forming a triangle to break through resistance? Long

GoldOANDA

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Let's have a look at XAUUSD chart. Here we can draw some static horizontal supports and resistances, but the most important one is EMA200. I think EMA will come closer and closer to resistance with the price to form a triangle, and to pump GOLD higher than $1450. Make sense to buy around $1410 - $1415.
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