Gold closed, respecting a key horizontal daily resistance.
Analyzing a 4H time frame, I have spotted a rising wedge pattern.
Its support breakout can be an important sign of strength of the sellers.
Candle close below may initiate a correctional movement on the market.
Bearish movement will be anticipated to 1954 then.
Alternatively, a bullish breakout of the underlined red structure on a daily
will trigger a further bullish continuation.
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Trade geschlossen: Ziel wurde erreicht
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now we see a retest