BullBearMkt

Gold Is Still Bullish But A Pullback to 1765 Needed Togo Higher

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OANDA:XAUUSD   Guld / USA-dollar
Gold has been rallying strongly this year and this has a long term bullish outlook. And with the dollar index making a "bearish golden cross" last week, gold potentially will continue to create new highs. However, more desirable now is for gold to pullback to value before another move to the upside. Selling pressure that ended last week might be a first shot.

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