XAUUS SHORT - PRICE TESTING STRONG SUPPLY AREA ON DAILY CHART

Recently we saw a big move to the upside for gold and now we are testing a very strong supply area on the daily timeframe which gave us a very strong move to the downside previously. On the H4 chart we are a little overextended to the upside and the market looks like its currently having a pullback as the week closed. We could see one last push to the upside maybe revisiting the previous high and slightly breaking above it before we seeing the bearish momentum from the daily chart take us back to the downside where we can look to target the 1850.0000 area which is a key level of support on the Daily chart.

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