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MarkovMarkowitz

Mark 1st week of May

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
MarkovMarkowitz Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis XAUUSD
2
0
trendanalysis xauusd
Within her H4 global downtrend hallway (-21 degrees) XAUUSD is set to reach a local maximum around 1860's around first week of May. (90-21=) 69 degree uptrend lines are drawn up to this -21 degree downtrend line to detect local uptrails. T1 is very unlikely, T2 seems to be a perfect continuation, to be unveiled by the said date.
Comment:
"Gold rush" has no rush. She showed teeth today with %1.37 and seemed to dig towards 1800's, so slowly yet firmly. Still LONG.

Due to her no-rush behaviour, my "first week of May" target needs to be extended until 3rd - 4th week of May.
Trade closed: target reached

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MarkovMarkowitz
XAUUSD likes to swing back on long again
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