Gold – Will It Continue South?

20 Mar - Gold Daily

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Hi All,

It has been awhile since I looked at this precious metal.

In Feb, Gold broke out of a long term triangle (see article). Since then, price has been quite flat… until recently. As price moves higher, I am keen to see how price will react to the near term resistance (Green arrow) around 1632. This coincides with a downward trend line (Orange arrow). If Price Action plays the card right, I will be taking a short on Gold.

Thank you for reading and happy trading.

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