Gold loses momentum

FX:XAUUSD   Gold Spot / U.S. Dollar
302 0 1
Gold             price trades within sideways range after confirming breaking below the ascending channel's support line, with more bearish correction to come on the intraday basis, targeting 1313.00 and might extend to test 1300.00 before attempting to regain the main bullish trend again.

Breaching above 1348.00 will offer positive motive to turn back to the bullish channel .
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