GOLD - Triple pin-bar rejection of resistance turned support...
- Gold looks to have formed a new support level at previous structure resistance
- This level has clearly been rejected, with the formation of 3 pin-bars
- This level also coincides with a short term ascending trend-support-line
- These 3 factors for me personally, make me believe we may see another push higher yet again
- The drop down to the trend-line also looks to have formed a mini bull-flag pattern
- Price would need to break the previous high made to justify entering a long position
THIS IS NOT TRADE ADVICE NOR A TRADE CALL
- This level has clearly been rejected, with the formation of 3 pin-bars
- This level also coincides with a short term ascending trend-support-line
- These 3 factors for me personally, make me believe we may see another push higher yet again
- The drop down to the trend-line also looks to have formed a mini bull-flag pattern
- Price would need to break the previous high made to justify entering a long position
THIS IS NOT TRADE ADVICE NOR A TRADE CALL
Penafian
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