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POSINEXA
Mar 12, 2021 3:45 PM

Gold back to the topΒ Long

GoldOANDA

Description

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On the H4 time frame, there is a divergence between the upward movement of the candlestick and the downward movement of the Stochastic indicator. So it can be concluded that in the short to medium term Gold will rise.


Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.

Comment

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I added my analysis, especially on the daily time frame, it can be seen on the chart, the price has bounced up above the major support area around 1700-1680.
Comments
cozzamara
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Interesting idea a bounce from major supportive area triggered by the oscillator crossingπŸ‘ Thank you for sharing your Stochastic settings tooπŸ™
POSINEXA
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@cozzamara thank you also for the appreciation πŸ™πŸ»
a_faris
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May I ask whats the Stochastic setup
POSINEXA
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@a_faris my Stochastic setup is 5-3-3 from its initial setup of 14-3-3
a_faris
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@TraderRadeau, Thank you
POSINEXA
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@a_faris my pleasure ☺️
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