Gold hits mega important 2.5 year trend line support at 1240/38. We also have important 200 week moving average support at 1234/33 so as long as this holds bulls can take control targeting 1245/46, 1249/50 & 1255/56.

Longs at 1240/38 need stops above 1230. A break lower is an important longer term sell signal.
Chart PatternsGoldTrend AnalysisXAUUSDxauusdlongxauusdshort

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