The video explains well why I am long on XAUUSD.
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Im expecting that this bullish flag pattern will work out. Firstly, price has tapped the 61.8% of the recent high to the recent low, and in my book (system) that is a strong potential of bulls.
I've actually taken some fresh trades based of the 2m chart recently, as I think we could continue out of the blue level soon!
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Forgot to add this support, whcih lines up perfectly with 61.8%.Note
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OK, here we go!10m chart, trendline + RSI and 30%!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.