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Market_Wizzard
Sep 12, 2019 2:23 PM

Pure 1D Chart Analysis: GOLD will CONTINUE rising Long

Gold/U.S. DollarFXCM

Description

Hi, guys!

Pure Charting Analysis (no indicators, only Pure Logic and 10 years of Experience) for your attention.

* Gold has found a local Support around 1,480 - 1,490 after making a multi-week double top at 1,550.
* This is a Buy Area for both, long-term and short-term run since more money flows into precious metals and gold market, so the bullish trend is gaining even more momentum.

Trade Signal

Buy anywhere around 1,500
Target: next round number at 1,600
Stop: if it happens and the price goes down 1,400-1,430 are, Buy more to average out. It won't get down much.

GOOD LUCK!

Yours,
Market Wizzard

Trade active

Trade keeps in line with the forecast. Long is held.
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