YourLazyTrader

XAUUSD may drop to 1608 area

FX:XAUUSD   Gold Spot / U.S. Dollar
Previous analysis on XAUUSD was spot on and reached exactly 1650 from the entry around 1575 that I had mentioned(idea attached below).
However, currently, it looks like Gold might drop towards the 1608 area before rallying any further.

Note that this is not a recommendation to buy or sell. So traders need to exercise caution before placing any trades.
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