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Gold Spot / U.S. Dollar

POSSIBILITIES WITH XAU/USD

By kartier
Price previously broke out the resistance structure and could be retesting to continue higher. The pattern you see is a falling wedge, we can see that price tested the trendline twice strengthening the pattern. The pattern is a bullish pattern meaning i expect price to push to the upside , however price could still go against me and drop further. for an early entry i await price to show me a bullish engulfing candlestick formation.
Chart PatternsTrend Analysis

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