Gold Spot / U.S. Dollar
Short
Updated

XAUUSD H1

Finally gold managed to breakout the bear flap pattern which I have shared in my previous analysis. We got a nice drop from 1890 to 1863. The next immediate support below would be 1860/56, 1843, and below that 1834. On the flip side, if 1860 support is holding strong then gold could rise again.
Trade closed: target reached
Target achieved at 1843 as we have highlighted in our channel. Boom.

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