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XAUUSD - Support Line Breakout

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

OANDA:XAUUSD Gold Spot / U.S. Dollar

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trendanalysis indicator chartpattern xauusd gold signals signalservice long chart

This is my personal view, analysis and theory based on XAUUSD .

I do think Gold will be long and go up to around 1900 area ( resistance area ) roughly 7400 pips up for grab.

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Trade at your own risk.

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Comments

i also disagree. By my analysis gold is yet to fall further to a support complemented by the 240ma in the daily tf. until it does i wouldn’t look for a buy opportunity

I disagree, i see gold going short(down) upon market opening. I think it will reach 1500 levels. Don't be fooled by the 70% of traders that lose their funds buying gold. It will go down down so gold buyers can buy at a lower price.

kezybaby

@kezybaby, That's fine, everyone has their view, We will see about that

I like your work! Thanks for such clear charts!

Karzon

@Karzon, Thanks man and much appreciated it :)

when you see gold on D1 chart its showing double top so means it wil go further down
atleast 1780 ,

qaisar86

@qaisar86, Yeah it could go down to support area 2 first before it go back up. but in mid-term its downtrend for gold