Gold is breaking above the strong resistanceÂ
Gold is breaking above the strong resistance 1815. This break needs to be confirmed since the instrument is in the rising wedge and the support 1805-1815 zone must hold in the case of a pullback. A break above 1850 will be a clear indicator that the Gold will extend higher to 1965 and the downside correction is over. Then it will confirm the 5th wave extension that could end around 2150.
Note: you can take the long trade in case of the pullback to 1815 or wait for a break above 1830
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