Gold is bouncing off the strong confluence support
Gold is testing a strong support confluence bullish flag and uptrend line 1690-1700 zone. A confirmed bounce off this level could lead us higher inside the flag and a test of 1800. A break below 1690 again would lead to a deeper reversal to 1500. As long as the Gold is above 1690 the uptrend is valid and you should target higher.Â
Note – Look for the long trade entries with the stop loss below 1680. This is a perfect risk to reward trade. If trade will be stopped reverse to short.
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