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GOLD (XAUUSD) Breakout & Important Shift! Plan for Next Week:



BREAKOUT!

Yesterday after a nice accumulation,

bears successfully broke below daily horizontal support.


It is a very important bearish signal and it makes us bearish bias.


For intraday trading, consider a falling parallel channel .

Broken horizontal level and its trend line form a local resistance area from where I would look for shorting opportunities.


Next goal for sellers is 1690 level - next daily support.


For now, prioritize only selling.


Good luck!

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