chartpattern
priceactionanalysis
trendanalysis
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Here you see a clear head and shoulder and a continuation falling wedge to the down side
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After breaking the main trend and doing a pullback I expect a nice long, and also saw a double bottom meaning an up.
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Having watched this rentable commodity for weeks now, I have my bias formed on a long as the price has been hiting the suport line and not being able to go further down. Also the news regarding Iran and US tensions are playing a major role on this XAUUSD, as the USD shorts due to investors fear of their capital... I hope for this following week a long on gold on...
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