OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD in 4H TF faced strong horizontal resistance and also 200 ema resistance in one hand and it seems that the instrument is at the end of an ascending wedge, the fibo level is also about 78.6 ret of last swing low, and the RSI indicator shows overbought in other hand. so there are enough reasons to enter a short position with risk to reward 1/2.5. I personally think gold will break down the last bottom. t

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