thetradingpub
Long

Gold to be set free and go

FX:XAUUSD   Gold Spot / U.S. Dollar
257 0 0
Gold             has broken a down-sloping channel being in place since March. Momentum is positive. FED rhetoric is not really supporting a further dollar strength and equity ramp. Fundamentally gold             is free to go. Technically it's breaking its chains now. Theoretical entry is around 1220 but it is unlikely we will go back there. So lets see what will happen tomorrow. It is also possible to start scaling into a long positing as we go.
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