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XAUUSD set for 300 pip plus drop?

837
There is gap open in XAUUSD we may see potential drop as the market trend is exhausted and could continue to drop to weekly support level for deeper liquidity grab. From weekly perspective we can see XAUUSD is over extended toward the upside and we may see deeper pull back or a short term versal in the trend.

Waiting on a possible entry to the sell positions.!!

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