Gold sell setup
As you can see, a second resistance level has been reached (upper blue area). That could mean an upcoming downtrend. Moreover, that second resistance level could be the head in a head & shoulders scenario while the left one is the left shoulder. That would support a downtrend to reach the right shoulder. The right shoulder could as well be found in a short consolidation after a breakout. So there is a short-term sell setup as well as a long-term sell setup
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