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forexwithfred
May 25, 2020 10:45 PM

XAU/USD - Short term Sell Off Short

GoldOANDA

Description

  • Price has respected the trendline for the third time, validating the trendline is in play with price action

  • My bias overall for Gold is bullish although there is an opportunity to profit off this current corrective wave

  • DXY Dollar Index is gaining strength, indicating Gold's weakness for this week

  • 2 different Scenarios of how price may trade within the descending triangle
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