AhmadRad

Xauusd is bearish

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
High inflation in key economies and disruption in supply chain made gold strengthened, so I think the major trend is still up. Although previous week US Treasury bond yield, cause descend in gold rate. in technical view SMMA crossed the Envelop, and I expect that price range be in 1807-1764 for the next week.
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