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Gold Analysis: Bullish Bias for Swing Traders

Conclusion for today’s Gold analysis: 

Bullish momentum in Gold (XAUUSD) should continue with minimum target being ~$1358.

The Daily time frame chart is examined for today’s XAUUSD analysis with coverage of over 18 months of price action. Previous analysis can be found here.

Gold price technical analysis

A symmetrical triangle is used to put the Daily timeframe market action into context and the current break out above $1321 is expected to continue towards ~$1358 as the minimum target.

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