Sasha Singh
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Gold Broke out From Rising Wedge

Gold just broke the support line of the rising wedge on hourly chart.I previously wrote an article about the rising wedge on gold which you guys can read : here. Now the pair according to the Fibonacci retrenchments the pair should find support at 61.8 fib level. May be a good level to open a buy position and putting a take profit at 50 fib level and stop loss at few points below 61.8 fib level.