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@tessaxauusd
Currently, the downtrend channel remains open. Will this decline continue?
Bearish traders should be wary of a rebound that could fill the gap above.
The gap will inevitably be filled, so what happens next?
In the medium term, the downside target is around 3850.
This can serve as a reference for medium- to long-term trading.
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XAUUSD 30-minute chart: Sell:
Entry Point: 4075-4085
Take Profit: 4060-4040-4025
This sell plan was calculated based on the resistance level of 4095.
Wait for rejection or enter with a small position.
Take preventive measures
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Target confirmation: If the 1H chart is rejected at 4125, the target will be effective.
Target: 4080-4050 🎯
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Trading isn't just about providing you with cold, hard numbers.
It's about timely guidance on when to exit a position.
And timely warnings about risks to avoid throughout the trading process.
Welcome to my family!（XAUUSD Signals） ðŸ“
When I predicted a gold price decline, some accused me of being alarmist; now my analysis has been validated.
The immediate support level is 4020-4025. You can buy near the support level with a profit target of 30-50 points.
Gold will likely fluctuate upwards when it reaches this level.
If the price decisively falls below this level, it would be disastrous for buyers.
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Waiting for a breakout from the range
The current situation leans towards selling on rallies.
Let's see what happens next.
What are your views?