Gold Breakout of Key Level. Bottom in Place? July 10th

Gold has broken above the daily 20ema for the first time in over a month, and taken out a key role reversal level post FOMC meeting. If the PM can hold above this key level, I'll look for intraday longs there, targeting 1300/08, 1315 and potentially a much larger move towards 1335/50 area (chart below).


SL will be around 1250.

Kind Regards,
Chris Capre