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Mark_Shinoda

Gold Daily Technical Analysis 01.08.19

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
Mark_Shinoda Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Support and Resistance Supply and Demand Trend Lines
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supportandresistance supplyanddemand trendline
Gold is above the support zone, but it breaks the trend line level to the downtrend. So, we could buy the gold if the price is above the support zone or met the support zone. But if the price breaks below the support zone level, then we might have to wait until the price was confirmed its direction before we decided to trade.

The Resistance zone is around 1410-1412, 1426-1428

The support zone is around 1400 - 1398, 1390 - 1382

Comment:
Another successful on a long stake on GOLD for 01.08.19.

I made profits from GOLD about 400pips in a row by opened a long position on GOLD at the support zone level between the date 01.08.19 - 02.08.19 swing trading.
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