Commodity Trade Idea: Gold – Corrective Pullback Into Support | Dec 10

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Gold – Corrective Pullback Into Support, Looking to Buy (daily chart)

Price Action Context

Still forming a long corrective structure and pullback into support, Gold looks like there’s still some profit taking but no major selling interest is coming in, which lends me to want to get long into support.

gold corrective pullback into support

Trending Analysis

ST bearish but MT bullish while above 1427 and 1363 on a weekly closing basis.

Key Support & Resistance Levels

R: 1547, 1603

S: 1427, 1363

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