Articles
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XAUUSD (Gold) Technical Analysis
The trading setup from last week did not confirm the bearish mood from the daily timeframe. At least it did not confirm it to a degree that made me confident to trade it.
There was a two-candle bearish engulfing pattern on the 4 Hour chart, but the imminent support level of 12,930-12,900 left untouched.
That makes me think that we might see a breakout to the upside. For the time being I am leaving this instrument aside until further confirmation.
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