HOOPFOOD

Beaten Bears Hoping for Wedge Bounce

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The Bears have been beaten into a bloody pulp and are looking for a bounce off the top of the wedge in the next coming days/weeks. The 1483 (5) line will act as a confirmation area. No reason to believe Gold can't keep flying but I'd say safe bet is to respect the broadening wedge until broken.
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