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GOLD Down-Break Triangle

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#XAU/USD# GOLD Down-Break Triangle

Target 1810 aka -8%.
Then it will start the new uptrend.

GOLD Down-Break Triangle

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To the downside, Monday’s high of $1962 will offer immediate support on any pullbacks. A break below which the aforementioned pattern resistance now cushion could limit the losses.
The consolidation may continue for now until we see a fresh breakthrough in the dollar's direction, with this week’s FOMC meeting a possible catalyst.

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