FX:XAUUSD   Gold Spot / U.S. Dollar
simplicity is key! very simple setup on GOLD , we are overextended and since having touched the daily resistance we have formed a pennant . We are looking to break to the downside & have confirmation with a 4hr close outside the pennant . Initial targets are set at the 23.6 retracement level followed by the 1260 level.


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