PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
We are currently seeing some weakness in gold
Technicals
  • we have a change of character in the sentiment to the downside
  • We are seeing some divergencies in to the downside in the oscillators
  • Oscillator infliction to the downside



Fundamentals

We just had unemployment rate read lower than expected at 3.4%

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On the Weekly timeframe we do not have any strong liquidity swings zones and we are currently in a retracement of a uptrend

Weekly timeframe*
Comment:
At this point personally I will adjust my SL to 1889.76. Price is still very bullish but this is just risk management for my personal trade
Trade closed: stop reached

C Nicholas Downie
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