AlgoVenture

Gold Breaks Resistance; Awaiting Pullback

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FX_IDC:XAUUSD   黃金現貨 / 美元
The gold opened low but climb throughout the Asia session and reached the equilibrium level at 1856.

The price has clearly broken above a 1-week resistance and may continue so within its current 2-month rising channel.

Wait for a pullback to 1842 to buy in again, targeting the equilibrium level at 1856, and then the top of the channel at 1871.
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