GOLD Possible start of up trend.

Gold has broken out of the ending diagonal (click on the chart pinned) and it has made an up impulse. It is in correction which might have finished as an abc expanding flat, so this impulse up could be the start of the next daily impulse.
We are in buys on the 4 hr but expect a correction to come soon which would confirm the up trend.


Trade with care.
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Kommentera:

4hr view.

Kommentera:

Seems like gold is making a higher degree correction as expected, nothing new under the sun.