XAUUSD 4H - Potential Triangle

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Still stuck in this tight range even after yesterdays shakeout. Was a classic retest of the trend and sharp rejection. We want to see one of these levels break 1735-40 or 1726-20. Price is accumulating inside what is potentially a descending triangle. We're sitting on the sidelines at the moment waiting for this sideways movement to end before we get in to a trade. Our bias is still bearish but we want to get a good entry for the short. 1710 levels are sticking out to us so lets wait and see.

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