Technician
Short

Gold bearish configuration points to resuming overall bear trend

FX:XAUUSD   Gold / U.S. Dollar
334 0 2
The recent multi-week upside rebound(correction) took the shape of a head and shoulders reversal pattern, but in this case the pattern points to the continuation of the overall bear trend. Shorting Rallies remain the most favorable strategy, so long as the main descending channel is intact.
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