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Gold: Ascending Triangle

XAU/USD, 1 hour    SHORT Jun 16
As we can see an ascending triangle is close to being finished, XAU/USD wants a strong move to confirm ascending triangle breakdown. An ascending triangle is a technical indicator that often identifies a sharp decline if price breaks below support. XAU/USD to maintain its negative tone to the 1845 level as door open for the continuation of the downtrend.
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