Chart of the day Gold

Gold is breaking above the falling wedge 1290 level

On the Gold daily chart, we can see that the instrument is breaking above the falling wedge 1290 level for the upside reversal and continuation. Look for a possible retest pullback into this level for the long trade entries. A daily close above 1300 is required for the upside continuation.
Note: look for the long trade entries with the stop loss below the 1290 level on a possible pullback

Gold trading technical analysis

 

 

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