Mihai_Iacob

Gold- Will it break for real this time?

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
As I said yesterday, after flirting with 1900 figure, Gold dropped hard last week and touched the ascending channel's support.
The quick recovery gives me a bullish bias for the price and this time the break above 1900 could be a genuine one.
As long as the price stays above 1850-1860 zone I remain bullish and 1950 resistance could be reached in the near term

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