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GOLD (XAUUSD) Interesting Trading Opportunity! (forecast/Trading Plan)



hey guys,


gold keeps setting lower highs on a daily and consolidation continues.

yesterday, once the market reached a triangle resistance, the price formed a double top formation

then broke and closed below a support line of a rising wedge pattern.


with a high momentum bearish candle, the breakout is confirmed now

and we have an opportunity to short the market on a retest.


our sell zone is the expanding area between a broken rising support of the wedge and a horizontal support of double bottom .


goal - 1927 (support of the triangle)


if the market drops to the target not retesting our zone, setup will be invalid.

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