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Orion-Markets
Sep 9, 2019 5:02 PM

Gold posts a double-top Short

GOLD (US$/OZ)TVC

Description

Gold has posted a double top on the longer term time frame and displayed bearish price action. We are awaiting a pullback to 1518 area before expecting a further move to the downside to at least trend line support. As the US/China trade war seems to be calming down, and therefore expect risk-off assets i.e. gold to pull back.
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