Gold is bouncing off the supportÂ
Gold is bouncing off the support 1700 and the accumulation- consolidation phase is over so we could see an extension higher for an 1800 test. A confirmed break above 1726 seems to be a double bottom of the swing lower is indicating a reversal higher. Now only a break below 1700 will invalidate the possible upside test of 1800. The key upside support remains 1720.
Note – Look o build the buying position for an 1800 target with the stop loss below 1720
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