The price of Gold is forming a rectangle pattern and the price is also pretty near to the S/D. The rectangle pattern itself is pretty small so a breakout is expected very soon. Check what will happen inside the rectangle in the lower time frame for clues of where the price might go when it breaks away from the pattern. Also, check what will happen when the price is near or inside the S/D to get clues whether the price will break it or bounce off it.
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