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XAUUSD 4hour Analysis August 23rd, 2020

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

Gold has been very bullish on all timeframes and is looking to continue with this trend.

We are now in a retracement and are looking for reversal setups near the 38.2% fib level and 61.8% fib level.

Look to target higher toward major resistance levels after seeing a bullish transition with strong setups.

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