Renko supports the fact that gold is stil in an uptrend: keylevel to close the week is at 1240. To have a real confirmation for the next wave we need to see a breakout wich surpasses 1245 wich is very plausible given recent price action. Advise: Hold longs for conservative swings, add up on intraday lows for speculative positions.
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Gold update for swingers: Daily chart: Black lines: daily sup/res Purple lines: weekly sup/res. Conservative tp: 1260 Speculative tp: 1290