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XAUUSD H1

Gold gave a reaction and rejection from 1833 and down all the way to 1810, 230 pips rejection. What can we expect next is to wait for a trendline breakout and retest to confirm for the price to continue to go down with the potential target of 1802 / 1798 / 1792 / 1785. There is a gap left behind since yesterday that needs to be filled around the 1798.5 level. Nonetheless, the wick above for daily and H4 chart of around 200 pips wick also need to be filled at some point in time. So we have to wait for confirmation on which side gold chooses to fill up first. Is year-end and the last week of the trading week for the year, so we really have to trade carefully based on the price reaction. Ideally would be for the price to fill the gap below and hold at lower support of 1785 for us to take a long to the upside again.
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First targe 1802 hit and gold push down to 1799.7. The gap is not fully filled up yet. Let's see how it goes.

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