OrtegaCapital

Bullish outlook on Gold

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
On the H1 time frame, we are seeing a potential opportunity to play the bullish bounce from 1798.32, an area of Fibonacci confluence, towards the next resistance level at 1814.31. Price continues to hold above the moving average, which acts as a dynamic resistance.
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