GOLD BACK TO $1950

Looking at XAUUSD, I do favour it going lower back to $1950 and probably $1945. This is potentially a 300+ pip trade. With 1:3 Risk/Reward.

Today’s structure broke out of consolidation but failed to take out previous highs which were created last Friday. This might be a sign of slowing momentum..

Let’s see how this one performs.
Chart PatternsTrend Analysis

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