Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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GOLD, ZOOMED OUT PICTURE
As we can see price is trading inside this big flat broadening wedge pattern.
However, price is approaching and diving inside a massive resistance zone (2000-2080)
Adding on price is approaching our flat trendline adding more strength.
Meanwhile, and for now, we will be looking for any bearish reversal pattern on lower time frame like double top, trendline break etc.
Unless price managed to breaking above our resistance zone from weekly time frame by a momentum candle close above our previous major highs and resistance zone, then a further bullish movement would be expected.
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and as usual follow your trading plan and manage your risk.