Textbook double bottom in XAU/USD

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold bottoms out at confirmed support levels. Clear V-shape. Last time it hit this support it rallied for some $100. RSI is in good levels DEMA lines up.

Summary: Really high probability move. Should rally some 50 dollars. Set target below 50% fib which is historical resistance zone .

Risk level: largest probable drop in only some 20 dollars to long-term trend line .
Comment: Made some money, lost more money. Trump killed it. Fuck Trump.


Thank you. I am already long GOLD at 1254. :)
@FRXMACHNE, Whoa - the exact same analysis (but you way earlier). Seems like one of the best trades of the month - you agree?
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