#XAU is in Bear Channel
XAU is in broad bear channel and currently it is forming what I believe is a bear flag.
Based on price behavior a short entry around 2030-2040 is probable.
We need to consider that price pulled back to Trading Range (A 100% pullback) and an upside swing is also probable.
Based on price behavior a short entry around 2030-2040 is probable.
We need to consider that price pulled back to Trading Range (A 100% pullback) and an upside swing is also probable.
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