hello guys...

the short time frame broke down! so the price will touch the gray area and then go for the lower area like the blue one I drew!

but don't forget the main trend in the daily time frame is bullish!

so after touching the blue area, we will wait for confirmation for another upward movement!

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Note
by the way, the divergence is fake!
Trade active
the short position activated.
Note
the gray area works great so far:

snapshot

the analysis is still valid!
Beyond Technical AnalysisChart PatternsGoldgoldtradingstrategygoldtrendTrend AnalysisXAUUSD

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