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Gold Spot / U.S. Dollar

GOLD UPDATE!!!

By Kelachi
XAUUSD

Hello Traders, before we go into the update click the like button for support of more ANALYSIS.

Remember that the GOLD market is not predictive but reactive.

Hours ago a DESCENDING triangle was under construction and it was complete. The bilateral PATTERN made a move to the upside with 700 pips.

Also a DOUBLE BOTTOM pattern formed, but is there enough bearish pressure to push GOLD to the target or will the news today trigger something? PRICE is retesting the neckline of the double bottom, stay tuned for more updates
Chart PatternsGoldgoldideagoldtradinggoldtradingstrategygolsdspotTechnical IndicatorsTrend Analysis
Kelachi

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