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Short

Gold - XAUUSD weekly chart break below 200EMA.

FX:XAUUSD   Gold/U.S. Dollar
If we look at a WEEKLY big picture chart we can see how important this 200EMA has been. Apart from important recent horizontal lows we can see how a pattern of diagonal support/resistance channels has been established. If a retrace back to the initial breakout zone happens..... then even 1128.71 USD would be a possibility.
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