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XAU/USD AUG.20.2020

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
Based on waves analysis, we are expecting a sell set up, after the formation of the fifth wave of a Wolfe Wave pattern. the pattern will be confirmed by the breakout of the descending trend line then, it must come back and close within the triangle, at this moment a short position should be a good trade.
Entry : 1970
SL : 2015
TP : 1865

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