GOLD Bulls Taking Over (DAILY)

FX:XAUUSD   Gold Spot / U.S. Dollar
GOLD bulls seem to be taking over, as shown by the bullish engulfing candle and increase in buying momentum. We also have confirmation of the trend line and bottom of the pitchfork area acting as support. Best target looks to be the bottom of the channel that gold broke out of before, which might act as resistance.
Comment: Take partial profits after doji (possible evening star formation) at the HOURLY.


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