Gold in Support and 3rd touch of trendline

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Looking at the daily timeframe, I am still seeing strong signs of a bullish confirmations. Firstly that daily support zone has been rejecting the bears' efforts since the beginning of this month and now we have a 3rd touch of the support trendline.

As long as that daily support zone continues to hold, I remain bullish overall. Even if there still consolidation happening on much lower timeframes in the meantime. I will be ready to catch the bull run upon the right confirmations.

Penafian

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