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UPDATE XAUUSD “WIDE CONSOLIDATION BEFORE BREAK OUT” – August 26 , 2023

Final analysis on XAU/USD. Facing large consolidation before breakout, we may see a lower low if there is buyers exhaustion. Main position is long but we eventually may see a pullback depending on price action. Temporarily long until 1930, if there is exhaustion at that area then it will fall but for now the analysis is correct.

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