Gold Long Entry: Looking for my Pot of Gold

Hi readers,

(Click on image for larger view)

This is just a quick update for the Gold set up that I was watching. The 4 Hr chart above shows a double bottom pattern formed at the end of last week. As mentioned on my weekly commentary, there is also a soft support around 1695 level, a price channel and overlapping Fib levels.

If price breaks above the neckline (1705 level), I would be looking for a long entry around on the same neckline (orang path).

Thank you and happy trading!

 

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