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FxTradeling
Apr 20, 2021 4:48 PM

Gold (XAUUSD) is in Strong Recovery Mode Long

GOLD / U.S. DOLLARICE

Description

Yellow metal is in a strong recovery mode. After a recent bounce from the area around 1720xx. After a bottom have seen in pervious trading sessions and it is in upward channel after breaking the downward channel with bottom confirmation
We are strongly in favor of Gold recovery phase followed by strong of yellow metal against majors, minors and exotics.

Trend: UP

Support 1: 1774.89

Support 2: 1770.82

Support 3: 1768.24

Resistance 1: 1781.54

Resistance 2: 1784.12

Resistance 3: 1788.19
Comments
DeGRAM
What does XAUUSD correlate with if we enter buy by 1778.50000, what else can we take, or not need?
Lingrid
I probably can't wait until XAUUSD reaches 1778.50000 to get up in buy !!!
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