GOLDPIPSMAKER

GOLD possible move down

Short
SAXO:XAUUSD   Gold Spot / U.S. Dollar
Bearish pin bar formed on Gold 4H chart near supply area and we may see another leg lower. $1810 - $1815 is likely to emerge as a powerful resistance if the rebound picks up pace for XAUUSD. Sellers will look for fresh entries below $1799 towards $1791 and new fresh lows once $1790 support will have a clear break. A move above $1815 would invalidate this scenario.

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