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Gold: Descending Channel

XAU/USD, 1 hour    LONG Jul 7
A descending channel is close to being complete, the price asks for a further steady bullish continuation for clear breakout confirmation. A descending channel suggests a specific indicator that spots the bears have run out of steam in case if price breaks out to the the upside. A bullish push up towards 1925 looks possible on a breach of 1920 as downside pressure mitigates.
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