XAUUSD would be a perfect Long from the 1590 region where my strong level of Support is located alongside the 78.6% Fibonacci Retracement. At the plotted Ascending Trendline i'm looking for wickfishing to occur upon reaching it, whereby price wickfishes to our Buy zone and then closes above this Trendline to capture this crazy big swing trade. I have such a high target for Gold as at the moment we are at a pivotal moment in the economy as the next recession is upon us; Gold will rise. If we cant see the Support zone of 78.6% Fib zones come through then ill be considering buying at the Trendline.
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moving nicely to our entry zone!
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Longs can be activated around this region. This has come round quicker than expected!!