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DeGRAM

GOLD: Consolidation

Long
Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)  
DeGRAM  
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Support and Resistance Trend Lines XAUUSD Gold LONG consildation priceaction marketmaker uptrend
23
9
trendanalysis supportandresistance trendline xauusd gold long consildation priceaction marketmaker uptrend
Gold continues to consolidate both above the resistance level of 1875.0 and above the upper border of the descending channel. It is too early to consider that this is a true breakout, but the instrument is in the buy zone. I expect gold to rise to 1958.5 after consolidation.
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