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Gold: Pending Reversed H&S Pattern & Bullish Divergence

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
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TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Support and Resistance Head and Shoulders Gold XAUUSD structuretrading
10
2
trendanalysis supportandresistance headandshoulders gold xauusd structuretrading
Price is forming a reversed H&S pattern at a support level (the sliding parallel of the descending channel). Meanwhile RSI is showing a bullish divergence in addition to an oversold state. In this pattern I will personally buy at the level of the left shoulder with stoploss below the head of the pattern ($1252) and aiming at previous structure at around $1262.

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