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  • Vasily Trader

GOLD (XAUUSD) Very Bearish Setup



Gold was contracting for quite a while within an ascending triangle formation.


However, now we see some bearish clues:

The last hourly candle closed below the triangle's support and for us, it is a very strong intraday bearish signal.


Now the price may drop lower to retest 1811 local structure low

and then drop even lower to 1806 next support.

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