SmokyTwoTwo

AWAITING CONFIRMATION

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
*High High- 1917.14
High Low- 1757.17

*200 EMA above 50 EMA indicating bear market

*Tweezer Bottom in view

*Inverse Head & Shoulder

*3 Falling Method (receding candle formed a gravestone doji)

*Price rejection at the neckline

*Strong Support ( Resistance Turn Support) if price is held at support zone then a retest is expected

*Market closed and price is at 0.236 Fib. level (possibly a sell entry)

*Dip to buy at @ 1725.31(possibly a buy entry)

*Target @ 1829.91

* Set STOP LOSS with respect to proper risk management

* TAKE PROFIT 1 @ 1788.12
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