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CFDs on Gold (US$ / OZ)
Long

Waiting for Confirmation

By Helloandtrade
Multiple confluences in play, awaiting for a 38.2 bullish candlestick variation or a 61.8 bullish candlestick variation. WE ALSO Have a Psychological level at a major Quarter in play at 1321.00 at the 38.2 fib and 1319.00 at 61.8 we will wait till a candle stick variation happens at one of the major quarters and wait for a play at one of the Fibonacci PRZ. if we have a prz reversal at the 38.2 then your take profit will be the 2.41, HOWEVER Essentially you want to have your first take profit at the 1.27 then if that breaks then go ahead and hold till the 2.41

TILL A REVERSAL CANDLESTICK HAPPENS THEN WE HAVE TO WAIT
candlestickvariationFibonacciFibonacci RetracementpricereversalSupport and ResistanceTrend Analysiswaitingconfirmation
Helloandtrade

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