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chriswheeler0
Sep 28, 2023 1:49 AM

GOLD/XAU: Rejection Short

PEPPERSTONE:XAUUSD1D
Gold vs US DollarPepperstone

Description

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Pt. 1 of 2

Gold is breaking down from a falling wedge pattern into what appears to be high timeframe support. I'm looking to accumulate a significant position around $1790.

See the following chart for my expected bullish thesis and targets!
Wave AnalysisElliott Wave
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