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Gold's Corrections May Continue OR BreakDown/BreakOut

OANDA:XAUUSD   Gold Spot / U.S. Dollar
After breaking away from the trendline, gold has attempted the high at 1739 & got rejected before bouncing again at 78.6% fib level from 1661 low. For coming trading week, the metal may continue to range until there is a possible breakdown or breakout scenario. Overall, the weekly & monthly gold outlook is still very bullish with a pullback potential to its mean value on the lower timeframe.

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