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velmunis
Oct 7, 2020 7:04 AM

GOLD SWING TRADE 07-Oct-2020 Short

OANDA:XAUUSD240
GoldOANDA

Description

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The GOLD has lost its bullish ground on yesterday as the Economic stimulus
talks went in vain and USD got some major bid And gold has reached 1875.00 broadly
And its in retracement phase and we are expecting that it might reach the 1896.50 or
1900.00 level and will go bearish as this levels are the strong resistance for the bull

SWING TRADE - GOLD
Sell @ 1898.00
Take profit @ 1852.00
Stop lose @ 1922.00

Don't risk more than 1% of your capital

Trade active

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Gold is in profit zone

Trade closed manually

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Support and ResistanceTrend LinesFibonacciGoldGOLD/AUDgold-tradinggoldtradinggoldideagoldshortgoldanalysis
Comments
Papilakes
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Great! Watch each H4 candle closely. A bullish candle's high will be rejected to perfectly time the down move. Use the rejection candle's as you SL.
SunnyHillCapital
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Fantastic analysis, thank you for sharing such amazing work!
velmunis
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@SunnyHillCapital, Thanks brother
Dave-FX-Hunter
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Nice work thank you.
velmunis
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@DaweFXHunter thanks brother good luck
PolarHusk
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Let's see if old support turns new resistance. Thanks for sharing your idea 🐻‍❄️😃
velmunis
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@PolarHusk I am expecting 1900.00 1896.50 will be a resistance zone and have a eye on today FOMC
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