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  • Vasily Trader

GOLD (XAUUSD): Did You See This CONFLUENCE ZONE??



Hey traders,


Analyzing a weekly time frame on Gold I noticed a very peculiar zone of confluence.

We see a perfect match between a major rising trend line (connecting higher lows) and 382 retracements of multiple impulse legs.


The underlined green zone gives us a perfect demand area to catch a potential bullish move.


Keep monitoring this zone and look for a confirmation on a daily as a signal.


Will the price respect this zone?

What do you think?

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