FlexiTRADE

XAUUSD: Important Breakout & Very Bearish Pattern

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
↪️Upon analyzing the shorter time frames, I observed that 📉Gold adhered to a significant horizontal level

On the 4-hour chart, there was a definite breakout from an ascending parallel channel, indicating a bearish trend.

Currently, the price is undergoing a retest of this level, leading me to anticipate a downward movement...Trade safely 👍✅️
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