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Gold Spot / U.S. Dollar
Long

XAUUSD BUY

By Govv510
XAUUSD

1. Overall trend was bullish.
2. D was bullish
3. 4hr candle was creating HH HL
4. 1hr was ranging. 7pm candle made a strong rejection.
5. Took a buy with a smaller lot (dynamic risk) when the 7.30pm candle broke the prev 30m candle with SL below the prev 15m candle around 22 pips.
6. moved the Sl to the below the new 15m candle (8.15pm) around 17 pips.
7. Took another buy when the candle broke the D's high anticipating to push higher with the NY volume and clean candle to the left (40 pip range)
8. Closed the first position with 20 pips and the 2nd position with 11 pips. Since it was a monday I closed everything and did not leave a runner
Candlestick AnalysiseducationalForexGoldlearningMultiple Time Frame AnalysispriceactionTrend AnalysisXAUUSD
Govv510

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