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GOLD: trend is down, but correction is needed

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Investroy  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Support and Resistance Trend Analysis Supply and Demand Gold XAUUSD priceaction Technical Analysis forextrading commoditytrading investroy
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supportandresistance trendanalysis supplyanddemand gold xauusd priceaction technicalanalysis forextrading commoditytrading investroy
At the moment, the price is sitting on a crucial zone of support and we can identify some sort of bullish price action. Although our bias for GOLD is bearish, we believe that some correctional moves should happen before the price charges up for further bearish moves. Thus, we are monitoring the price action and looking forward to opening BUY positions and aiming for the zone illustrated on the graph.

Happy trading, everyone!
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