Gold - Long - Above Key Psychological Level

On our previous analysis we were short gold but as the precious metal has risen above the key psychological level of $1500 we see Gold challenging YTD highs early next year at $1556 if it breaches resistance at $1535. Gold has gained upward momentum over the past week as the market still awaits the US and China formally signing phase 1 of a trade deal creating uncertainty.
Beyond Technical AnalysisFibonacciGoldLONGSupport and Resistance

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