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mytrade1602
Jun 3, 2018 1:39 PM

Gold trend between now and 2020 Long

Gold/U.S. DollarFXCM

Description

Here is what I am seeing. Long from around 1275.

Comment

My rationale for the long:
1. Going for breakout of the resistance
2. Around 1275, a deviation will be formed for daily
3. Multiple major support lines.
4. For my calculation, break down under the daily ichimokou cloud, the value is 50 from the point of breakdown. 1326-50=1276.

Comment

Sorry for the mis-use of the color of trend arrows. After breakout, long from around 1292 to around 1314, then short to around 1275, then long from there.

Comment

Test

Comment

Updated chart:


BTW, How to post a image in the comment?

Comment

1308 might be the top, if 1288 broken, 1275 is coming

Comment

1314 will be touched

Comment

top 1309 , going to 1275 now

Trade closed manually

There will be more down.

Trade active

Let's see if 1275 area is going to be broken.

Trade closed manually

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