Gold Rally Continues

Jonathan Kibbler, August 29th, 2017

Gold continues its move higher as the USD continues to weaken. The break and close above the key level of $1300.00 gives us reason to look for long opportunities into the resistance of $1338.00.

A pullback into the support would be ideal for long opportunites. We are also looking to the smaller timeframes for short term continued longs.

Jonathan Kibbler

About the author: Head currency trader at Colmore FX. Jonathan has been professionally trained by two hedge fund managers in London and has grown a strong passion for financial markets. His trading strategy combines Daily, 4HR and 1HR charts with top down analysis to generate trading ideas.

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