#Gold: Technical Thriller! Update #FOREX

Updating my earlier analysis for gold with a potential long trade scenario. I am looking for a pullback now towards the broken 200-days SMA before going long. Buying near the current levels is risky and unacceptable in terms of isk-reward and money management.

Motives of the trade
-Gold has completed a head and shoulders bottom
-Gold had broken the major 200-days SMA
- A new series of higher highs and higher lows was established

Good luck

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