Trend_Analyst

Revised XAUUSD Short Trade, Pending Breakout

FX:XAUUSD   Gold Spot / U.S. Dollar
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XAUUSD has formed a larger ascending triangle after breaking out of the smaller triangle this morning. RSI and Stochastic showing bearish divergence with Stochastic now moving into oversold territory. The 1282 level seems to be holding and will require an increase in momentum to break through decisively.

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