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Monthly Timeframe:
Weekly Timeframe:
Daily Timeframe
XauUsd: Testing strong areas as we are resting below strong monthly resistance and above weekly support. By reading price action we can see price testing a daily trendline in confluence with weekly support.
If price manages to break below this weekly zone we can look for potential shorting opportunities to our next trendline. But if we manage to stay in this range, we can look to buy back up to monthly resistance until then we must reevaluate price action!
(risk management is key)