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xtrader1
Nov 17, 2022 2:50 PM

GOLD D1: DROP WHILE DOLLAR RETRACES UP Short

Gold vs US DollarPepperstone

Description

- Looking for GOLD to weaken while Dollar retraces up
- Previous breaker that took out sell-side stops needs to offer support
- Dollar should fall again after the retrace
- That would be the signal to go long GOLD again
- Upside target is 1 deviation up = GAP-resistance
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