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XAUUSD a bullish movement is highly possible

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Based on the chart, price reached a major resistance area and then is strong rejection is about to happening. This rejection can be a good confirm of strength in buyers at this area and on the other side we can see the weakness on sellers.
So Based on this scenario I opened a buy position with a good risk reward ratio which is about 1:4.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!

Penafian

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