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GOLD LONG TERM SHORT POSSIBILITY

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#XAU/USD# GOLD LONG TERM SHORT POSSIBILITY

GOLD HAS BEEN RESISTING THE 1810-1814 AREA FOR A LITTLE WHILE NOW,,,BEEN IN AN UPTREND, PRICE IN UNDER THE 21 EMA AND PULLBACKS HAVE ALREADY HAPPENED ON LOWER TIME FRAMES AND MACD DIVERGENCE ON H1. LOOKING FOR A SELL TO START TODAY AND TOMORROW TO BREAK TRENDLINE AND THEN NEXT WEEK KEEP SELLING OFF.

STOP LOSS ABOUT 90 PIPS ($9.00 MOVE)
TAKE PROFIT LONG TERM IS 600 PIPS($60.00 MOVE)
THE 2 YELLOW ZONES ARE TAKE PROFIT ZONES

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Shorterm trading might be benefit enough, but I think gold is suitable to keep for long run especially for the use of balance the risk of your investment.

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