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Yuriy_Bishko
Aug 7, 2020 5:40 AM

XAUUSD, something supports it... Long

GoldOANDA

Description

As you see the price broke up the local level yesterday and several times bounced off it.
This is not a signal to buy gold, because this chart is too weak and the timeframe H1 isn't good for global analysis.
But we should pay attention to such support zones before to trade it.

Good luck with your trades and thank you for your support!

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my previous analysis

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Comments
VictorTCE
Hi @Yuriy_Bishko , what do you think about the idea now? The NFP has affected its bullish trend, i'm currently holding a lot on long. I dont think i can handle the pullback if it gets near or below 2015 zone. Need your advice on what i should do. Do i hold it in hopes that it will go up? Or give up our dream of going to Moon or even Mars? Thank you, would love to hear from you soon, as the market will close, this will decide everything. Please help, Thanks!
Wolf_of_Trading
this is my Gold idea , thanks for your sharing
Yuriy_Bishko
@Wolf_of_Trading, nice chart
Yuriy_Bishko
Write your comments and questions...
Also, you can share your ideas here!
Grimac
How much luck do you expect to have? Lol
Yuriy_Bishko
@Grimac,????
herooftheday77
well...for today (at least) I would say: everything depends on the NFP Event in the USA and the USD.....and if it is already priced in or not.
And how they will sell bad numbers to the people as something "positive" ;-)
It could be more like betting today.
Cheers and good luck..
FamOfTrade
@herooftheday77, exactly NFP turn everything upside down
moses96
gold will rise to $2100 today
Kasyoka
cool, thank for sharing the set up ! Am currently long on Gold
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