XAUUSD

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the yellow metal has been hovering around the support of upward trendline for a while, and clearly broke the recent downtrend since 1557. for the last couple of hours, prices are doing sideways between 1489 and 1495

looking into fibo retracement from top 1557 to recent low 1484, it's very likely to retest resistance zone of 1497 to 1501 and then 1520 is a key resistance to watch.

I am not taking any trades now, waiting for more confirmation.

Just sharing some ideas.
Note
1495 got cracked.. retest and buy
Trade fermée: cible de profit atteinte
seems like the resistance zone is showing its power..

will it retrace a bit today?
Chart PatternsTrend Analysis

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