OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is at a strong support zone currently, looking at daily and weekly, price looks to make another leg down. If price breaks that 1238 zone, we can expect gold to head further down to 1218-1220 zone. With the US dollar gaining stegength in the recent weeks, I see a higher probability of price dipping further down than making a move back up. A break and close above 1265, will take price up to 1285.
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