FX:XAUUSD   Gold Spot / U.S. Dollar
72 2 1
Long Gold             .
Mostly because of the 1H bullish setup.

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Can you comment further on why this is a buy signal? The cluster of cloud support just under the current price?
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Hi timwest. Sorry I've missed your message.
My reasoning are very simple.
Daily cloud is bullish. Price is above the cloud and trying to break up.
Triangle is also limiting move down.
Overall trend is like this: Daily cloud is trying to go through Weekly cloud (gray lines)
Plus all world situation, war everywhere, SPX moving down, etc.
If you combine all these stuff together then you get buying signal.
I was actually looking at 1H cloud and it was very bullish.

Gold still can continue in this triangle, but this is another task: position and risk management.


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