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JayForexAcademy

My thoughts on gold 19th Dec 2022, Setup 2

Long
Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)  
JayForexAcademy  
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Gold XAUUSD forexsignal forexmentor ict Technical Analysis forexstrategy swingtrading intraday
2
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trendanalysis gold xauusd forexsignal forexmentor ict technicalanalysis forexstrategy swingtrading intraday
Since in order for the exchange rate to buy higher, it must first drop lower in order to buy at a discounted price. It's everyday simple business law. Therefore, in this case gold might retrace to fill the 1H void in price then perhaps rally from the fair value gap or the order block. However, I consider this a riskier trade as opposed to the short setup because of the pool of liquidity lying below last week's cluster of lows. APPLY PROPER RISK MANAGEMENT
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