crypto
crytpocurrency
ltcusd
supportandresistance
swingtrade
trendanalysis
trendline
xauusd
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Symmetrical triangle forming on the XAUUSD chart. Once price reaches the top of the channel (Yellow Line) a breakout scenario may play out if there is enough volume in the market. Vice versa if price rejects we could retest the bottom of the channel to continue lower.
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Triple bottom formed indicating a strong support level. Keeping an eye out for a trend reversal and a move to the upside.
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Key support and resistance levels for Gold today. Long above 1868 and Short below 1852
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Price is currently at a strong daily support. If price hits TP1 I will look to secure 80% of my position, put stops at break even then let the profits run to TP2 where I will close out fully.
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