DeGRAM

DeGRAM | GOLD on major resistance

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
GOLD has rejected the resistance level and pulled back.

The market failed to make new highs and close above the resistance, which indicates the bulls are running out of steam.

Price action is likely to retest the support level after a false break.

We expect a short term pullback from resistance.



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