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FXCM's Top Down Gold Analysis

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Peak and trough analysis on the monthly chart puts gold in a downtrend. The weekly chart is also at a key level when considering the triple moving average system. Moreover, it has an extremely strong inverse correlation with the USDOLLAR on the daily timeframe . Given this, the NFP print tomorrow is likely to impact on gold as the USDOLLAR reacts to the release. This explored in our video analysis.
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Comments

I agree!
+1 Reply
I think vevry nine. I like
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NFP ⬆️🙏
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Its pronounced troff not truff
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