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TradingShot
Oct 19, 2021 3:31 PM

XAUUSD Close to a Golden Cross. Next Targets: 1810, 1820 Long

FX_IDC:XAUUSD240
GOLD / U.S. DOLLARICE

Description

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Pattern: Bullish Megaphone on 4H.

Signal: Buy as the price rebounded after breaking just below the 4H MA50 (blue trend-line), in similar way as the August - September Bullish Megaphone. We are now on the second red arrow leg.

Target: 1810 and 1820 in extension (symmetrical levels from Aug-Sep).


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Trend AnalysisHarmonic PatternsChart PatternsXAUUSDGoldsignalsxauusdsignalsgoldsignalsMetalsCommoditiescommoditysignals
Comments
Angela_10
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Hello sir, great analysis. After 4H megaphone, is it possible to have bearish reversal?
Angela_10
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H
ForexTrendline
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Awesome job, check out our idea
Niheem
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Great work
emillyricci
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Nice work. I agree with your set-up
ArmanShabanTrading
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Yes Exactly 👌🏼 Thanks for sharing your idea bro
hikaripro
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nice review
TrumpMakeBitcoinGreatAgain
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shortee ese ponzi hp
TRADiNG_hub
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Beautiful Structure 👏
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