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AlgoVenture
May 17, 2021 8:04 AM

Gold Breaks Resistance; Awaiting Pullback Long

GOLD / U.S. DOLLARICE

Description

The gold opened low but climb throughout the Asia session and reached the equilibrium level at 1856.

The price has clearly broken above a 1-week resistance and may continue so within its current 2-month rising channel.

Wait for a pullback to 1842 to buy in again, targeting the equilibrium level at 1856, and then the top of the channel at 1871.
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