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Gold Spot / U.S. Dollar
Long

Intraday Idea XAUUSD 12/13/2020

By joeyvalentino
BIG PICTURE:
mid term bullish gold and bearish Consolidation Pattern (A) respected and held the 1830 support. 1HR Session VWAP suggests that in the short term price is trading higher after retesting 1830. Price is holding 50 MA on lower and higher time frames, new higher low created on 1 hr. Higher Time Frames indicate clear Bullish Momentum and uptrend. PULLBACK to stationary 50 on multiple time frames in confluence with 50 EMA suggest healthy pullback zone in accumulating bullish momentum. Key Intraday level at 1860 TECHNICAL PLAN
Multiple Time Frame AnalysisTrend AnalysisVolume
joeyvalentino
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