GOLD:BEARISH RETEST 4H MA 200, 1D MA 50
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GOLD is retesting 4H MA 200 and 1D MA 50 after breakout to the downside on 13th Feb 2023. These two moving averages have acted as support and resistance for over a year. The two have now formed a confluence of resistance with a daily horizontal resistance. A sell setup can looked out for her but if price escape this confluence of resistances, a buy trade can be taken outside it.
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