OANDA:XAUUSD   Gold Spot / U.S. Dollar
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Very choppy price action on Gold , especially during the last week where it looked like it would finally breakout and leave the range. Unfortunately for bulls we've seen a pullback forming a double top on the 4H timeframe. We will need to see how the price reacts on Monday to identify the next move.

There are two important levels here: 1842 and 1797. Breaking above will lead the price to achieve more gains targeting the 1870 levels, breaking below 1797 will be very negative for Gold .

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Comments

Great insight! Very helpful
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GreenGateFX Taopeterson
@Taopeterson, Thank you.
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Great work!
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