BCMel
Short

Impeachment spike fizzles

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold has again failed to pierce solid resistance around 1480.
Today's partisan Trump impeachment vote by the majority House Democrats sparked a spike in the gold price, but it soon fizzled at resistance points.
A fall to the short-term channel bottom is possible or a test of lower support levels.
A positive MACD on the daily chart gives hope for the long awaited breakout from the falling wedge formation.

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