GOLD SHORT

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We are reaching a level where all confluences tells us to short.

Weekly time frame:
We reached our 1790 weekly resistance level, furthermore, two important trend lines that have been forming months ago are acting as resistance here.

Lower time frames:
We are forming a rising wedge that is breaking, if we break with confirmation, we should XAU go to our targets:
1760
1740
1725

On the other hand, a weekly candle close above our resistance level will cut out our trade then we will be full bullish again.

We will update you as always!

🔴: Weekly
🔵: Daily/lower

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What do you think?

Good luck traders,
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Not financial advice
Manage risk and leverage
DYOR

NajjarTrading