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UnknownUnicorn94714

GOLD Divergence/Wedge/Cypher Patterns SHORT

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
UnknownUnicorn94714  
FX:XAUUSD   Gold Spot / U.S. Dollar
xauusdshort xauusdlongterm xauusdsell XAUUSD
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xauusdshort xauusdlongterm xauusdsell xauusd
The chart is self explanatory.

Scenario 1:
  • - Bears push the price down to around 1300.00 which is between the 61.8% and the 50.0% Fibonacci retracement levels and bounces off any of these two levels to POSSIBLY test the previous high.

Scenario 2:
  • - Bears push the price down to around 1300.00 which is between the 61.8% and 50.0% Fibonacci retracement levels, instead of bouncing back up, price breaks out the bottom of the rising wedge and the rest is history.

What Do YOU Think?
ANYTHING CAN HAPPEN!

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