XAU/USD Analysis

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The price of Gold against the US Dollar is bullish on the bigger time frame.

Diving into the 8 hour chart, we see that price was correcting in the form of a triangle with a breakout in the early part of this month.

With price retesting the top of the triangle, we may see a rejection and further move to the upside. Watch out for a false break though.

This is an idea of what may happen.

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