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Monthly Penant Formed! - Breakdown Downside like 2013
XAUUSD
, 1M
Short
XAUUSD: Monthly Penant Formed! - Breakdown Downside like 2013

There is a very strong indication from the last completed Monthly Major Penant we had in 2013 where the market broke to the downside. We are seeing the exact similar formation. If history repeats itself, There is a very good chance that the market will break to the downside upto 50% fibonacci level. Wish you good trading!

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