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Gold Spot / U.S. Dollar

Gold is watching USD and USA

By asharifan
Updated
maybe because of political news , Gold in mixed up situation. surely the long-term situation is uptrend for Gold. in the other hand we are under a Mid-term downtrend . gold price volatility has been limited in a short term uptrend channel.this channel can be a foundation for a large uptrend movement or instead it can be a build up for breaking the long-term line. if you are in long position , then the 1st safe target can be 1920-1927usd. if you are looking for a buy opportunity , you must wait ,upper than mid-term downtrend or bellow the long-term uptrend there will be good and lucrative opportunities.

Trade active
gold behavior is confirming our analyses . additionally, weekly engulfing pastern is going to be shaped .i think we will find good long position opportunities in lower levels. but to have any short position we need price close and confirm bellow the long therm uptrend line.
Support and ResistanceTrend AnalysisTrend Lines
asharifan
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