FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
223 5 21
Im long on the higher time frame but looking at a short trade with minor correction in the channel . Head and shoulder reversal on the 1hour chart.
Comment: HIGHER TIME FRAME VIEW
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Comment: Taking some risk off. Move stop on position 1 to positive.
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Comment: target 1 hit, cover position 2
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Comment: That's it for me taking my money. 2x targets. Will start new post if I take long.
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that the girl want.. :)
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wow very cool man~!
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Bottom or Top im not sure. From the study of WD GANN 50% level is the strongest support level in any market. With price reversing and breaking out of a wedge at that level im only long bias. You could very well be right , maybe we get a double bottom at the 50% level? Maybe it breaks and we get a lower low. Just trading low time frame here anyways. All the best.
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This may not seem a wedge, or is not a standard wedge, the wedge is because the decline from the beginning of the track underlined, you give this is the beginning of the next track, this might be seen as a downward path a little better. I wish you a smooth transaction
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People think gold is not bottomed out, even if the bottom, also should also have a second bottom is finished, otherwise everyone on the car, who will lose money?
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