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GoldCartel
Apr 28, 2020 6:06 AM

Update Short

FX_IDC:XAUUSD240
GOLD / U.S. DOLLARICE

Description

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Currently, It has reached the first sell target, and we just added more sell positions at 1701 zones.
The neckline has been broken and maybe the H4 candle will close below the trendline. As I mentioned in my previous analysis, we will keep selling if it can break out and close below the trendline target 1670 or later we will buy heavily if the candle shows a valid sign of rejection on the trendline.

Catalyst: Price action, US CB, FOMC, and PMI

Here's my previous analysis, April 26, 2020

Comment

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It might retest the broken neckline at 1705-1710

Comment

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I posted this chart to my clients 8 hours ago

Comment

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Current market price chart

Trade active

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So far so good

Trade closed: target reached

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Short-term target reached, maybe will re-enter the trade later at better rates, maybe not.

I just post the updated analysis, check it out

Trend AnalysisSupport and ResistanceTrend LinesXAUUSDgoldcartel
Comments
kimsynx8
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perfect
GoldCartel
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@kimsynx8, Thanks for the positive feedback
S_Kos
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@GoldCartel, time to go down)
GoldCartel
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@S_Kos, Thank you for sharing your thoughts
GoldCartel
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@S_Kos, It's a nice dropped, isn't it?
GoldCartel
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@S_Kos, I just post the updated, feel free to check the chart above in the analysis update section
S_Kos
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@GoldCartel,
GoldCartel
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@S_Kos, Thank you for sharing your analysis, please feel free to send the updated analysis later when you have a chance
GoldCartel
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@S_Kos, Your buy zone good at 1691, I agree that's strong support as well
GoldCartel
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@kimsynx8, Currently, I'm not sure if this is a valid breakout or not, but the neckline has been broken. Time will tell
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