pato

Gold's case for a buy

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
After almost a month of decline, it looks like buyers may once again be interested in the precious metal. We got a solid buyers since last Friday, and I am now watching for more bullish volume to confirm the play.

SL: $1250
TP1: $1378
TP2: $1400

Longer-term I think we see higher gold prices so this play is also supported by the longterm picture presented below.


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