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Gold Spot / U.S. Dollar
Long

XAUUSD:I think it will rise first and then fall

By Gina-lovestotrade
Updated
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Hello traders, I think gold will first go up to around 1966-1970, then if it can't break through 1970, it will start to fall, what do you think?

From the 4-hour chart, there is a little pressure around 1962 above, but the upward trend is strong, so I think this position will still break through, and then look at the important pressure before 1970 above. It is more difficult to break through 1970, and it is an opportunity to short.

The specific strategy is: if you want to buy more at the current point, please hold a small amount, TP1966-1970, or wait and see with a short position, and wait for shorting around 1970

Short near 1970, near tp1935

If you agree with my point of view, welcome to follow

GC1! GOLD XAUUSD
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xauusd: According to the short-selling strategy, the stop profit will be around 53, followed by 48, and then 38, please pay attention
Trade closed: target reached
Chart PatternsforeignexchangegoldlonggoldpredictiongoldtradegoldtradingstrategygoldtrendTechnical IndicatorstraderendertraderprosignalsTrend AnalysisXAUUSD
Gina-lovestotrade

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