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TradingShot
Dec 11, 2019 6:18 PM

XAUUSD Buy signal (and continuation level) Long

Gold/U.S. DollarFXCM

Description

Pattern: Channel Up on 1D (blue channel).

Signal: Bullish as the price is rebounding on the Higher Low.

Target: 1485 (Lower High of 1W Channel Down).

* Observe the 1D RSI, if it breaks above its Channel Down we may have a bullish break out of the 1W Channel Down. Basically is the Green Triangle breaks, it justifies a push towards the Resistance Zone.
Comments
CryptoTony1
We have another leg lower to go before any push up in my opinion. Elliot wave doesn’t see this as complete
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