enatural
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Joined Aug 12, 2018
chartpattern
indicator
trendanalysis
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This long term trendline has been broken and could indicate a change in sentiment. A strong rally in the DXY could see us pushing to much lower levels.
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This area was tested multiple times all the way in 2011 and now three times from 2020-2023. However on each subsequent pullback, gold has respected the upward trendline with multiple touches. Perhaps short in the medium term but bullish in the long term.
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Structure looks to be breaking down with a classic head and shoulders formation on the daily time freames. could this be the top? I am new to comenting and would appreciate any comments or ideas from more experienced traders. Cheers
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