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Sat, Dec 10, 2022

Gold is moving up and down between the ranges. Wait for Breakout to make Big profits
1 mins well spent

Gold (XAU/USD) Analysis : 

Gold is forming an Ascending triangle pattern in Daily Chart.

Gold is moving up and down between the ranges in H4 chart. Recently, market try to breakout the top major level for 3 times, but it fails all the time.

H4 chart gold moving between the ranges

It shows that major level is very stronger. however, if market keeps hitting the top level for more times, the level becomes weaker easily.

Let’s wait for the confirmation of breakout from the ranges to make big profits on gold.

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