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XAUUSD Gold: About to GLITTER

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has been in downtrend and we witnessed a sharp decline in its price. Now the price is hitting the bottom rock on 4 hours time frame, as we can see the price is about to break the descending price channel and RSI is also showing the bullish price divergence.

For the convenience entry and stop loss, along with the potential resistance has been marked on the price chart.

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