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GOLD (XAUUSD): Have You Seen This BEAR MOVE?! What is Next



Hey traders,


I guess we all were surprised how the price dropped yesterday.

With NPF Gold lost almost 2,5%.


What's now?


Ahead, a key structure support and summer's low.

1750 - 1760 is a demand area.

I will look for an intraday confirmation within that zone to buy catching a pullback.


What is confirmation?

To me, confirmation is a reversal pattern ( h&s / double bottom /triangle/ wedge )

being formed within an underlined zone and its neckline breakout.


Closest support for target - 1787.


Alternatively, if you are looking for shorting opportunities,

consider a bearish breakout (daily candle close below) of an underlined yellow structure.

It will push the market to lower structure levels.


Have a great weekend!

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