Gold Spot / U.S. Dollar
Short

Gold Trend Analysis over H1 Chart

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Continuing the Bearish Trend, A strong reversal signal after the ending diagonal with a rebound from the Murray level 8/8 and confirmation of the formed H&S gave a very good result! A strong reversal signal after the ending diagonal with a rebound from the Murray level 8/8 and confirmation of the formed H&S gave a very good result!

A descending channel for 18-months with clear turning points shown by technical indicators. From an Elliott wave perspective, the count looks corrective but complex.

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