LONG XAU/USD

- XAUUSD respected the bottom of the channel
- XAUUSD respected strong support
- XAUUSD at a strong confluence area
- Bullish engulfing on the daily time frame
- No bad news for gold
- Stimulus may weaken USD and push XAUUSD upward
- Will place buys after top of downward channel has been retested

This is a trade idea and not financial advice, use at your own risk! Always wait for confirmation and do not forget your stoploss.
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