1) Gold is trading near its major Resistance and is about to give a breakout.
2) Should you go for a long position now? Well it’s a good opportunity to go long from here as gold has crossed its major barrier i.e. 2000 and since then it is very bullish in nature.
3) The Resistance has been tested 3 times now so now it’s weak therefore it looks like a good opportunity to go long here and targets could be 2100.
P.S – This is not a buy/sell advice, please do your own analysis before placing any trades.
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