ForexTrendline

Breakout on GOLD pending

Kort
FX_IDC:XAUUSD   Guld / USA-dollar
We've been waiting for a breakout on GOLD at 1811 since yesterday

It is very likely that this will happen today.

There are 2 entry options:

Aggressive - on a close below the support level.
Conservative - on a re-test of that level and a confirmed rejection.

In both scenarios we have to make sure that we wait for the breakout.
We will be following the progress in our daily analysis here.

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