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chuginov
Jul 3, 2021 2:07 PM

Bearish setup for XAU/USD 4hr  Short

GoldOANDA

Description

Bearish idea for Gold - Although XAU received a boost from the recent NFP report, technical barriers lie ahead. This setup indicates a potential reversal of the recent uptrend channel at fib 23.6 / recent high at around the 1790 mark. Should this scenario play out, support should be found at around 1775 and 1765.
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