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Gold: Ascending Channel

XAU/USD, 1 hour    SHORT Apr 14
There is an ascending channel emerging and XAU/USD demands a more strong correction to confirm a breakout. An ascending channel represents a specific price action signal that often identifies that the price to go down in case if price breaks through the support. It is likely that a bearish price action towards 2050 will take place on a break below 2058.
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