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GOLD Technical rebound on Double Bottom

Long
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
TradingShot  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns XAUUSD Gold goldsignals xauusdsignals Metals Commodities commoditysignals goldtrading
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trendanalysis harmonicpatterns chartpattern xauusd gold goldsignals xauusdsignals metals commodities commoditysignals goldtrading
Pattern: Lower Highs on 1D.

Signal: Bullish after a new Double Bottom on 4H.

Target: 1280. This is the 0.618 Fibonacci retracement. Every previous Double Bottom formation rebounded to the 0.618 Fibonacci level.
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