GOLD Fakey Setup In Action

Gold now currently found near term support following from its downward move since February 16 of this year. Price then rallied after a Daily Candle Fakey setup formed last Thursday. Will we see a further thrust to the upside towards near term resistance 1,360?

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From last week's post, Gold was making a false breakout outside support. As of this week, we've got a series of Bullish Pins indicating bullish sentiment in the market. Are we ready to test near term resistance 1,339.90?

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