So my order has been triggered so i'm now long on GOLD.
As can be seen, price has been consolidating now for a week or so.
Noting however that the RSI is still very high so this move may not last too long, once I get in the green I will use a trailing stop loss to Make sure this gets cut early.
Target 1380, the next resistance level.
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Sitrade
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So now we know why gold has spiked. lets see how this situation unfolds.