Gold is supported for a continuation higher

Gold is holding the 1750 support

 

Gold is holding the strong support, a previously broken upside resistance. We can see a continuation higher above 1750 and the hold of this support is confirmation of a strong reversal higher from a long-term support of 1650. Although a smaller short-term correction to 1720 is not excluded price action is making it not a high probability.

Note: look for the long trade with the stop loss below 1720

 

Gold reversal higher

 

 

 

 

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