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Gold Spot / U.S. Dollar
Long

XAUUSD a Channel Down perspective

2 022
Pattern: Channel Down on 1D.

Signal: Buy is the current 1D candle makes a green closing as the price is on the Lower Lows trend-line and every bounce on the line within the Channel that closed on a green 1D candle, initiated the bullish leg towards the Lower Highs trend-line. 1,765 also happens to be the Support since November 30th and the 1D RSI is also currently on the multi-year Support Zone.

Target: 1830-1835 (the Lower Highs zone).


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