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Bullish call on gold Xau/Usd

Gold / the precious yellow metal made it clear on friday post NFP figures that it is targeting higher levels.

Gold already broke the bearish weekly trendline and declined to test daily support/trendline at 1260$ and reversed sharply to 1285$ during the asian session. The precious metal might find some resistance in the area of 1295-1300$ before resuming the bullish move to 1550$ in medium term.

I recommend going long at current 1275$ area with stop loss on daily close below 1260$ ...

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