GOLD is set for another rise!

GOLD has formed very strong bullish price action on the lower time as well as on the higher timeframe. After back to daily bullish engulfer, price has broken out of the local channel with a gap opening on the 4h timeframe. As long term trend is bullish, highly likely GOLD will continue to rise to complete 61.8% fib level at 1893.00, Upon closing of this current candle as bullish engulfer, we may open a buy position to take this move to the upside.

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04:52