Gold at Support Potential to Hit 122

Gold at Support Potential to Hit 122

Gold is near support from trendline A. A few months ago I went long Gold when it hit trendline A and had tremendous success. This week I again went long Gold and am expecting Gold to bounce to 122 (where I will take profit) provided it does not break below trendline A. Support below trendline A is at 113.6. If you can get into Gold below 116 I think it's a great entry point for longer term calls. Otherwise I would use a vertical spread.

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