3 min readGOLD (XAU/USD):
As discussed in previous articles, I was interested to see how gold would continue trading into the new year following Trump’s presidential victory. This added market certainty now appears to be reflected in gold’s price action, as traders seem to be moving funds out of traditional “safe haven” assets.
Looking more closely at the technicals, we can see below how the recent breakout and retest of the internal ascending trend line highlight lower areas of interest, such as the daily 50 EMA and the external ascending trend line, which present potential trade entry points.
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