XAU/USD Daily Analysis

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Price reached the daily resistance level of $2620 per troy ounce on Thursday and then and a bearish inside candle on Friday.

The level was last tested and rejected in December and November last year.

If the next daily candle also has a bearish close, we may see an Evening Star pattern form. Some traders see this as a reversal pattern at resistance but how you play this will depend on your strategy rules.

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