After being stopped out last night, price is now at a decision point for gold.. We have reached the descending trendline, now I will either watch for a rejection or a break or resistance & retest for continuation to the upside as price looks to be breaking structure. Patience is the key!
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1325 is a significant level to keep an eye on, if price makes a daily closure above this level I will be leaning more towards an upside breakoutNote
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.