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XAUUSD Potential for Bearish Drop | 27th February 2023 – February 27 , 2023

Looking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. To add confluence to this bias, price is also along a descending trendline. Looking for a sell entry at 1818.975, where the overlap resistance and 23.6% Fibonacci line is. Stop loss will be at 1844.870, where the…

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