GOLD STRUCTURE ANALYSIS| SCENARIOS
Updated
GOLD is trading in a triangle, with it's lower bound changing angle!
(1) A strong green horizontal support has been established
(2) IF gold manages to break out the diagonal resistance of a triangle>>> Then the post-breakout scenario will likely play out
(3) With long opportunities from pullback first and then from retracement to the dotted line.
(4) IF it does not>>> long from the horizontal support
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So the diagonal resistance is broken!Now, the struggle is around the horizontal mini level
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