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Gold Rallies to a New High for August

posted by Avatar FXTimes 287 days ago in Technical, Daily, Gold made popular 287 days ago

Gold has been trading more or less sideways since pushing above a declining trendline seen in the daily chart, which was holding price in a triangle. Now, above the triangle, the market appears to be channeling upwards. The 4H chart shows that the 8/10 session broke above the August high, which was near 1618. We still have the 1629 resistance to...
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