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GOLD (XAUUSD) Bearish Scenario for New Week Explained (Trading Plan)



hey guys,


gold just reached a strong falling trend line .

for now we see a positive bearish reaction from that and this touch may initiate a strong bearish swing move.


I will pay attention to a support line of a bullish flag pattern.

in case of a daily candle close below its support, bearish continuation will be highly probable.


goal for sellers will be 1860 (current daily low)


in case of a bullish continuation above the falling trend line , setup will be invalid.

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