SpaceBlobb

Gold Price Action Analysis

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is finally looking like it might be moving up again. Looking at history we see a similar double bottom with a big mark up. Taking that and projecting it into the future would send Gold up to the supply zone at around $1957-$1980. Would love to see a nice backtest of the inverse head and shoulders neckline for an entry before it starts moving. Good luck traders!

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