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TradingShot
Dec 16, 2020 8:32 AM

XAUUSD Invalidated H&S, now turning bullish. Long

FX_IDC:XAUUSD240
GOLD / U.S. DOLLARICE

Description

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Pattern: Broken Head and Shoulders to the upside.

Signal: Buy as the top of the Right Shoulder broke. It appears that the price may be repeating the December 01-02 bullish leg. RSI identical, MACD on Bullish Cross.

Target: 1890 (just below the 2.0 Fibonacci extension as did the Dec 01 leg).



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Trend AnalysisHarmonic PatternsChart PatternsXAUUSDGoldsignalsxauusdsignalsgoldsignalsMetalsCommoditiescommoditysignals
Comments
Wolf_of_Trading
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I said 1873 would be target if trendline broke, 375 pips profit

ChartProphet
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Nice chart work friend, I have a similar view that seems to be playing out as well:
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