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Technical Analysis 15 - 19 May 2023 -Gold ( XAUUSD )

Updated: May 14, 2023

SITUATION 1



Zoom in Time Frame M5 . . .



Whats is HEAD AND SHOULDER??


On the technical analysis chart, the head and shoulders formation occurs when a market trend is in the process of reversal either from a bullish or bearish trend a characteristic pattern takes shape and is recognized as reversal formation. - Wikipedia



SITUATION 2





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