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XAUUSD TO 1777
Gold Spot / U.S. Dollar
Long
XAUUSD TO 1777
By Dailypaperfx888
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Apr 5, 2021
3
Apr 5, 2021
CONFLUENCE COUNT
1. THREE WEEKLY CANDLE REJECTION AT PREVIOUS
MONTHLY SUPPORT
@1686
2.
MARCH 15
WEEKLY CANDLE CLOSE ABOVE PREVIOUS
MONTHLY RES
@1733
3.
MARCH 22
WEEKLY CANDLE FINDS NEW SUPPORT AT PREVIOUS
MONTHLY RES
OF
@1733
NOW TURNED SUPPORT.
4.
MARCH 29
CANDLE RETEST PREVIOUS
MONTHLY SUPPORT
OF
@1686
(
MAJOR REJECTION
)
5.
APRIL 5
CANDLE OPENS BULLISH LOOKING FOR CONTINUATION AND FURTHER BREAKING PREVIOUS RES OF
@1733
ALSO
BULLISH PENANT
FORMATION ON
1H TIMEFRAME
6. POTENTIAL RETEST OF
MONTHLY RES
@1777
WHICH IS ALSO A
50% FIB RETRACE
ON OUR
MONTHLY TIMEFRAME
7.
BUY
ENTRY POSITION
@1733
.
TAKEPROFIT
@1777
8.
STOP LOSS
SET
@1725
DEPENDING ON RISK MANAGEMENT.
AND
Beyond Technical Analysis
buy
Chart Patterns
Fundamental Analysis
Gold
prosper
risk
take
TRAP
XAUUSD
Dailypaperfx888
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