- Gold looks to be within a Bull flag continuation pattern - This morning price bounced off recent resistance within the last consolidation phase seen @ 1217-1220 - This level may now be acting as support as a pin-bar can be seen within the bull flag bouncing off this level - For price to continue higher we would need to break both: 1. The upper trend-line of bull flag pattern 2. The recent high formed on Friday
THIS IS NOT TRADE ADVICE NOR A TRADE CALL
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- Breakout possibly occurring now - Wait for a close above trend-line + break of 1225 resistance to confirm