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FFXchartlord

Weekly Gold Forecast: Analyzing Candlestick Patterns

Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
FFXchartlord  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
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Observing daily candlestick movements, we consider selling opportunities in Gold when it breaks the recent low marginally and shows a reversal, indicating bearish momentum on lower timeframes. If the low at 2146.80 is breached convincingly with a full-body candle and confirms a bearish point of interest (POI), we can initiate short positions. Otherwise, Gold may sustain its upward rally. Patience is key as we monitor market reactions around the 2146.80 region.
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