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Micro Gold Futures
Long

Selling is done in GOLD?

By SnowflakeTrader
Updated
2258 support held, but 2340 is now offering resistance. We have Buyers pushing the prices up for sure, see the GREEN UMVD started last week. We have gREEN Bars but TrapZOne is still RED>

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Here is the closeup, IF greenbars turn Red and UMVD RED we may see a retest of the back of angle 2 Down. and if we have continuation to the upside with GREEN BARS we will test the angle 1 down.
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Green bars taking the price up, we can go to 2360, the next area of resistance
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Added Ray 1 for UP Trend now established
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Already at the resistance, next resistance will be the angle 1 DN Ray :)
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UMVD is RED Now :)
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Class A entry long detected
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Divergence coming back in UMVD, Bars are still GRAY and we need GREEN UMVD and GREEN Bars for a re-entry. Will adjust angle 3 if we dont break angle 2
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Angle 4 in place now. Close to highs with GREEN BARS AND GREEN UMVD .. No guess work needed
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Found support at angle 4 and Bars are GRAY now
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Sellers sold the highs and brought the price back down. Angle 1 may provide support
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UMVD is RED
Trade closed manually
Up trendline broken with RED Bars and Red UMVD
Its over
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Chart PatternsGLDGoldTechnical IndicatorslongsetuppriceactionanalysisTrend Analysisvolumeanalysis
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