Breakout Setup in Gold Futures

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Gold futures had a big breakout day selloff Wednesday, which pushed it through the 69/23 low at 913.20. It recovered some ground yesterday (breakout moves often reverse direction the following day), then it consolidated today.  This left today an inside and narrow range day, along with a doji.  To my eye, it looks like a small triangle has formed.  Look for a breakout move on Monday.

Breakout setup ahoy!

Breakout setup ahoy!

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