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Gold Spot / U.S. Dollar
Short
Updated

JUST A THOUGHT

681
its kind of ambitious as of now, but just a though. i'll continue to update the chart as we go forward
Note
snapshot some nice divergence on a huge rising wedge
Note
snapshot We're coming up on an important area , if the red boxed area is in fact resistance , Iexpect a drop into the 1780s. depending on what happens there, should dictate what happens next. I believe that by the end of the month price will hit the 1730-1727 area. then possibly bounce up again. eventually i expect price to get sub 1700 again but it may be a while until that happens. All this depends if this area is the resistance and as in the prior update, we are near the top of the ascending wedge , rising on thin volume. happy trading...
Note
dropbox.com/s/6vhuzud6j56nlq7/2020-07-15 (5).png?dl=0 this is a screen shot of the last time i seen a similar set up
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Beyond Technical Analysis

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Beyond Technical Analysis
Entrenched
youtube.com/@EntrenchedTrader/community
x.com/Entrenched_
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.