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Whats going on with XAUUSD and whats next

FX:XAUUSD   Gold/U.S. Dollar
59 1 8
You will hear many calling out a trend reversal on Gold             and opportunities to go long in weeks to come right now. They are correct to some extent but not fully. You could as well take that pullback and go short again. Or play both - your call.

The reason for this is that price has now reach an interesting zone. It starts to reach its current fair value and price often bounce of such a level. There are however two clear downside targets still yet to be completed. The upside target is also clear.

Trade this one carefully on the Daily. I will.
GoldGirl
2 years ago
Can you make 12M chart? Looks interesting and thanks for your post
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