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Gold Spot / U.S. Dollar
Long

GOLD (XAUUSD): The Zone to Watch🥇

By VasilyTrader
Updated
snapshot

Hey traders,

Last week Gold tested the ATH.
The price retraced nicely and now the question is from where we can expect the next bullish move?

On focus is a peculiar confluence zone that I spotted on 3 days time frame.
It is based on:
1853 - 1857 horizontal demand zone,
rising trend line based on the last higher lows,
and recently broken falling trend line that was connecting the lower highs.

Let the price reach that area and look for a confirmation to buy gold.

I believe that the goal for buyers will be ATH again.

❤️Please, support this idea with like and comment!❤️
Note
Watch my new video on USDJPY:
GoldgoldanalysisgoldideagoldlonggoldtradinggoldusdSupply and DemandSupport and ResistanceTrend Lines
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