KelvinKingfx

XAUUSD Trend and Pattern Analysis

SAXO:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD broke above the bull flag but quickly wiped out its gains. The upward bias is still favoured as a result of the strong support on the ascending trend line. Although the market may correct to the downside further if the rectangle breaks to the downside.
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