Gold Still Bullish
120 Minute Bars
Prepared by Jamie Saettele
A break of long term trendline support in gold is needed in order to suggest that an important top has formed. The trendline is at 1362 this week. Near term, the decline from the top is in just 3 waves which is corrective. Continue to favor the upside towards long term channel resistance, which intersects with 1600 in the next several months.
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