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nathandavid
Sep 5, 2020 2:19 PM

WEDGE Long

Gold/U.S. DollarFXCM

Description

XAUUSD is forming a clean wedge pattern. Do not be fooled into thinking this is a descending triangle. Let's keep in mind the fundamentals of Gold with the current condition of world debt.

For this, I would look for entry's only on the major support level. We may see some fake-outs so be aware and manage your risk.

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