GOLD BULLS ARE STRONG HERE|LONG
GOLD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 2004.523 area.
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Kommentar:
I stand by my prediction and my idea is confirmed by the fact that the pair is moving towards the target!
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