On the Gold chart, we can see that the pair instrument is testing the triangle 1214 resistance level for a break higher. If we get a break above this level we could see a retest of 1235Â for a major reversal of the recent downtrend. Only a daily close below the 1200Â level will invalidate the upside triangle break,
Note: look for the long trade entries with a stop loss below the 1200 level.
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