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Gold Spot / U.S. Dollar
Long
Apr 15, 2024
XAUUSD
0
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1
1
Looks like Classic Sweep Below Swing Low to take out Stops.
Nice Pinbar = propulsions candle.
Have had Pull Back into Fair Value Gap.
Alot of Orders in those Pinbar and Bullish engulfing candles on KT Volume Profile Indicator.
Now across Mvg Ave 200.
Gold should follow Silver who is ahead considering the pairs correlation.
Fear Gauge crashing
45
Previous close
46
1 week ago
62
1 month ago
74
The narrative surely is still the fight against "Dick Darstedly Inflation".
Hedge against US dollar collapsing at some stage.
Oh and there's a couple of wars going on Gold of course a Major Safe haven in times of uncertainty.
How more uncertain can we be of late.
But hitting resistance now renound reversal point
Still best to wait for break above then pull back and bullish candles preferably.
Nothings easy : )
NZ_Shareman
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NZ_Shareman
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