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XAUUSD, back on the rise?
Gold Spot / U.S. Dollar
Long
XAUUSD, back on the rise?
By InfiniteY
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Jun 19
1
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Jun 19
After correcting violently at the start of the month (down more than 4%), the price seems to be gradually rising again.
As you can see from my chart, we corrected again at the start of the week.
We returned to the OTE zone and rebounded on an Order Block at M15.
The price then started to rise again by liquidating the 2 ASHs that had been left.
We need a new BOS at $2341 to continue this uptrend on LTF and MTF.
Feel free to subscribe and boost this post if you liked my analysis.
Happy trading and a good week :)
Beyond Technical Analysis
Supply and Demand
Support and Resistance
InfiniteY
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