Gold is retesting the upside resistance
On the Gold daily chart, we can see that it is testing the strong upside resistance 1290 level after the falling wedge break. Broken 1275 wedge level needs to hold in case of a pullback for the upside reversal continuation. A daily close above 1290 is required for the 1300 key level test in the case of an upside continuation. Now only a daily close below the 1270 level would invalidate the upside reversal.
Note: look for the long trade entries with the stop loss below the 1275 level.
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