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Safwandaud

Gold is going to Retest ZoneGold is making upward trend after breaking 1740 and fly to previous higher high at 1915, and currently going to retest support zone at 1750-1740. After making correction, it is predicted to climb above 1915 and making minor retracement at 1915-1920. As for now, we discuss only what gold has showing us in price action. It will safe to trade short with small lot and making a buy at support zone 1740-1750. Comment below if you have a better insight on the gold movement. Trade as chart tell you, dont guess. Dont bet.
FX_IDC:XAUUSDShort
by safwan_daud
Bearish Pennant on GoldGold is likely to kill most of the aggressive traders in last few days, leaving with confusion on its next path. With the current bearish trend in daily chart, it is public secret when gold is likely to drop more to the bottom of H&S around 1740-1720, as strong demand zone. It will take around one and half week, mostly likely with the announcement of monthly NFP next week. When it reaching around this demand zone, it will hold to either break further down or going back up to the top. Next week is another story to tell, until now we stick to the plan that pennants breakout is gonna hit around 500pips. Am not going to say my analysis is good, am just saying what the chart tell me. So tell me your comments below, we discuss in next comment. Follow Me too!
FX_IDC:XAUUSDShort
by safwan_daud
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