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GOLD Simple Chart Analysis
Gold Spot / U.S. Dollar
Long
GOLD Simple Chart Analysis
By SimpleAsItGets
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Updated
Aug 25, 2020
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Aug 24, 2020
Here is my GOLD analysis for today.
- I am still looking for a potential long in the market, but I am waiting for a nice setup to occur.
- Looks like in the morning we had a big Up move for the bulls and then a rejection on the 1955 zone / resistance area.
- Market might want to take out last weeks low and then go back up to consolidate one more time to collect more orders before heading back up.
If it wants to reach 2000 again it has to consolidate for a bit or sta in the area that its in for a while to collect more liquidity.
Aug 25, 2020
Comment
Gold is setting up for Tuesday.
Gold might sky rocket.
Moving Averages
Supply and Demand
Trend Analysis
SimpleAsItGets
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