Gold Spot / U.S. Dollar
Short

XAUUSD seeing more downside if it breaks below the support

350
Price is trending in a triangular squeeze in between the ascending and descending trendlines. A break below our downside confirmation level where the 76.4% fib retracement and ascending trendline are, could see a further drop to our first support target. Stochastic is facing bearish pressure from our resistance as well.

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