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XAUUSD Daily Analysis February 20th, 2021

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold Bullish idea

Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish

Trade scenario 1: We are looking extremely bullish on gold and it does not look like it is stopping soon. Ideally we can see a higher low above 1865.00 for structure but price action could reach 1930.00 before any sort of reversal.

Trade scenario 2: For us to consider gold bearish again we would need to see a lower high below 1865.00 once again.

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