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Yes its correct buy gold and hold...

Middle bollinger band is crossing the 50 EMA shows us a bullish movement. if you can see the chart has formed in invert head and shoulder pattern also which is a bullish movement. RSI line is retrace the from 50 level as well. Hold your gold and enjoy the profit.

TP's and SL is up to you.

Note: Trade at your own risk and fundamentals are not involved in this analysis.

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