Gbambam

XAUUSD Bearish Cypher pattern

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
A clear bearish Cypher pattern has formed, reaching completion at 2297.543, coinciding with resistance zones. On a higher timeframe, gold is trending within an upward channel. Following the attainment of all-time highs, indications from technical analysis suggest a potential relief leg.

Please note the we have major new today for the Dollar.

Good luck traders

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