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GOLD(XAUUSD): Price is in AB=CD Pattern! What's next?

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Dear Traders,

Following a price rally to $5600, a clearer indication of future price movement emerged. However, the price corrected itself after dropping to the unexpected $4400 level. Since then, it’s resumed natural price movement and currently forms an AB pattern. This pattern is on the verge of developing into a CD pattern, potentially lifting the price from $4967 to $5400 in the next move.

Consider entering when the price experiences a smaller correction. Given the current market’s significant volatility, strict risk management is recommended. If you enjoy our work, please like and comment for more insights.

Team SetupsFX_
Trade ativo
1120+ pips trading idea is active and going good so far.

snapshot
Trade fechado: objetivo atingido
+7320 pips AB=CD pattern completed.

snapshot

Aviso legal

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