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The XAU/USD (gold) pair is currently experiencing a wick down, indicating a temporary bearish movement in the market. Despite this short-term dip, the overall sentiment for gold is becoming increasingly bullish for day trading. Many traders view this as a buying opportunity, as gold is seen as a safe-haven asset during times of economic uncertainty. The recent dovish stance of central banks worldwide has further boosted the appeal of gold as a hedge against inflation and currency devaluation. From a technical standpoint, the wick down may be considered a retracement within a larger uptrend. Traders may look for buying opportunities near key support levels or trendlines to capitalize on potential upside momentum. Overall, with strong fundamentals and technical signals aligning, the XAU/USD pair is likely to resume its bullish trend in the near future, making it a favorable option for day traders.

entry :2309.32 - wait for the wick down first then as it comes back up enter

SL: this is the wick down I'm talking about allow market to wick down first then when you see a clear buy signal get in

TP1 2319.09

#XAU/USD #gold #marketanalysis #bullish #daytrading #safehavenasset #economicuncertainty #dovishcentralbanks #inflationhedge #technicalanalysis #supportlevels #uptrend #buyingopportunities #traders #riskmanagement

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Trade God out

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lets go $$$

註釋

So we know that it will wick down first so we need to be seeing where we can get in for a buy after it finished wicking downward

註釋

Everything is going as planned ...
look for clear buy signal

V shape with the Lows
maybe even use a Williams alligator

註釋

we are now bleeding down as planned lets see how low we wick this is interesting

How low can you go ???

註釋

we are still wicking and wicking and wicking ... down lets see that buy signal should be soon brace for impact

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is this the reverse