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The primary trend on the 1-hour time frame is still bearish.

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OANDA:XAUUSD   Gold Spot / U.S. Dollar
The 1-hour chart has not yet closed a candlestick pattern indicating a bottom. We should continue monitoring the chart and look for signs of a bottoming pattern. Once a bottoming pattern forms on the 1-hour chart, we can then consider looking for a counter-trend trading signal.

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