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mamnunamalik

A possible SHORT opportunity before CPI???

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
mamnunamalik Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns
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chartpattern
XAUUSD price tried to break the key level of 1940 but failed again.

In 30 minutes chart we can see it has made a new Lower High in stead of Higher High. A minor change of character happens.

Price may move up to the Minor CHOCH Order Block (1938.265-1940.280) and grab all the liquidity inside the Inducement zone (1929.420-1930.805) from dropping there.

A possible 1925 zone drop can lead the price to drop further at the Fair Value Gap (1914-1920)

A good short opportunity is likely before the CPI.


You can check my full GOLD idea from this link below:

XAUUSD UPDATE: Is GOLD going for a trend reversal or a TRAP?
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