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DeGRAM | GOLD counter trend trade
Gold Spot / U.S. Dollar
Long
DeGRAM | GOLD counter trend trade
By DeGRAM
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Jan 31, 2023
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Jan 31, 2023
GOLD is pulling back to the major support level at 1900. The market is trading in a downward channel .
Price broke and closed below the major level at 1920, which gives the market a bearish sentiment. However
Price action prints the bullish harmonic pattern after a sell-off.
We look for short term counter-trend trade opportunities at the confluence level: support level + psychological number 1900 + harmonic pattern .
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Chart Patterns
goldanalysis
goldidea
goldsignals
Support and Resistance
Trend Analysis
DeGRAM
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