XAUUSD analysis:

Gold has broken the descending trend-line that was connecting the bodies of the candles on the 4H this was (also acting as a resistance) line holding price.

Another descending trend line has been issued this time wick to wick to see if we have a fighting chance on the 4H but if this one will not hold we might see price approach the next major resistance area @ 2401.93.
Chart PatternssellingsellssellsetupsellsignalshortingshortsshortsellshortsetupshorttradeTrend Analysis

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