Gold just got out of its bearish channel. All indicators are currently bullish. The return above the key level at 1100 offered a buy signal. We advise to trade only long positions as far as the price is above 1100. The next resistance is the fibonacci retracement 50% towards 1125 (highest reached on february 3rd). A break out of this level will offer a new buy signal with 1150 as next objective (retracement fibonacci 38.20%).
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