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XAUUSD is Bearish (Head and Shoulder Pattern)

Gold after posting a new all time high is currently hovering around $2000. The appearance of head and shoulder pattern on the top is a potential sign of a top and trend reversal, the neckline is already broken and if the pattern plays out, it would take gold to below $1950 mark. Targets are mentioned on the chart.
Chart PatternsHarmonic PatternsTrend Analysis

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