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Gold ready for a retracement ?

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
GoldCartel Mod  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Support and Resistance Supply and Demand Fibonacci XAUUSD xauusdsignal xauusdanalysis Gold goldanalysis goldcartel Contains image
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supportandresistance supplyanddemand fibonacci xauusd xauusdsignal xauusdanalysis gold goldanalysis goldcartel containsimage
Currently, based on the price action, the price near or at the Ascending Broadening Wedge line, if the price stays below the upper wedge line, that's a pretty strong indication that gold needs to retrace or retest the broken major down trendline.

Invalidation:
This analysis fails if the price breakout and close above the upper ascending broadening wedge line.

Catalyst:
- JOLTS
- Prelim UoM Consumer Sentiment
- US Sales data
- Unemployment Claims
- Prelim GDP q/q
- FOMC
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