XAUUSD Bearish Outlook

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XAUUSD seems bearish at the H3 timeframe, hovering above the support line of the VWAP line below its blue centre-line. A drop below 3339.875 could lead to sellers reaching price targets of 3242.758 and 3208.965.

If bulls gain strength and break the 3458.765 level, then the setup will be invalid.

To pips and lots, happy trading,
K.

Not trading advice

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