The first was 1165-1180$ (red box). The price closed near the zone's top, just above the 200 days MA.
In case that $XAUUSD will decline below 1170, below the 200 days MA, this could be a sell signal that can be used to short $XAUUSD with stop loss above 1190$.
If $XAUUSD will remain above the 200 line, it may be wise to wait for it to reach the second sell zone - 1200$ - to complete the pattern and to look for smaller time frames reversal patterns there.
In this case, the stop loss must be above X and the price must close back below the 200 line to confirm that it intends to reach 1160 and 1140, which are the first target levels of this setup.
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