Gold October 21
Gold continues to trade below 1,497 resistance. This level has now become double top level on the 4 hour chart. Whereas, the bullish trendline is supporting the metal around 1,488 today. Overall, it's an ascending triangle pattern, which typically breakout on the upperside, may help us determine further trends in gold. Bullish breakout of 1,497 level may lead gold prices towards 1,503 today.
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