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Gold Spot / U.S. Dollar
Short
May 31, 2023
STILL DOWN
3
Grab this chart
Grab this chart
Gold continues its downward trend by forming lower and lower lows and highs.
Currently, the price is at RESISTANCE, so when I see confirmation on lower intervals - the formation of new lows on H1 - I will take a position.
Breaking through RESISTANCE may indicate strength to reach the MAIN RESISTANCE.
Target of declines is: KIJUN MN1 (support) and MAIN SUPPORT.
Negating the scenario: Breakthrough of MAIN RESISTANCE.
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analysis
Chart Patterns
Gold
shortsetup
Trend Analysis
XAUUSD
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