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  • Vasily Trader

GOLD (XAUUSD): Potential Pullback From Key Level



Hey traders,


Gold is approaching a key weekly/daily resistance.

1830 - 1836 is our potential reversal zone.


To catch a pullback from that, look for a bearish breakout of a rising wedge pattern on 1H time frame.

In case of an hourly candle close below its support, the price may drop to 1814 level.


In case of a bullish breakout of a yellow zone,

a bullish continuation will be expected.


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