A strong bearish trend take a place on the hourly chart of the XAUUSD as the Blade oscillator is now at 0.8 area below the level of balance and at the same time the indicator is red colored which is a strong indication of bearish direction on the short term. On the chart itself you can see the moving average 5 sloping UP and then you can consider the last top drawn by it at 1231.6 as a good stop loss if you need it in case of sell orders which is very advised according to the indicators signals.![]()


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