bbebal
Long

Probable long opportunity in gold

FX:XAUUSD   Gold / U.S. Dollar
34 0 0
A close today above 1330 level should/could warrant a small long position with a trailing stop at the daily low level. A clean break above the declining trendline and bottoming triangle pattern gives reason for increasing the long position with a minimum target in the 1600 area. Failure of a clean breakout today puts the idea on hold for now
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