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GOLD (XAUUSD) TECHNICAL ANALYSIS 20/12/18

by | Dec 20, 2018 | Technical and Fundamental | 0 comments

TIMEFRAME:H4

BIAS:BEARISH

XAUUSD has been trading within the ascending channel structure since August. Price is currently approaching the  resistance and a rejection at the trend line could signal a bearish move to the low of the channel.

Yesterdays interest rate decision results failed to break this range, so we expect Gold to keep ranging in this channel until year end.

dt4xtader
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