Gold Long In November

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Gold is rising and rising in one day by 530 points, and I expect that the buying movement will be strong in the middle of next week.

Although the Fed raised the interest rate on the US dollar by 4%, but a day later gold shone towards the 1680.

Monday will be full of corrections, including a correction for gold that may reach 1668 or around it, less or more, but it is certain that it will not be able to continue rising except with a correction that brings it back to the nearest support.

We also see that gold on the daily and four-hour frame has formed for us a reversal pattern (Dobule Bottom), which is a reversal pattern after a downward movement for months.

Be careful with your trading on gold , as it may give fruitful profits, but at the same time, you may lose your capital if you resist it.
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Now you can exit the position. This was my first analytical signal on gold that I shared with you. Be sure to follow me for more analysis.
Double Top or BottomGoldMoving AveragesTrend LinesXAUUSDxauusdlong

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