Scaling in on Gold Longs

Scaling in on Gold Longs

After old hit and rejected 1900 it pulled back to retest 1870 and has been trading inside of a 150 pip range for the past 2 sessions.

We are still trading inside of the mid term bullish structure and should price break with today and yesterday’s highs a retest of the 1900-1905 zone would be in play.

The DXY continues to make lower lows which is bullish for Gold in the short term.

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Author : Orlando Gutierrez

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