nxtleveltrader
Short

XAUUSD Gold Correction - Buy opportunity soon.

FX:XAUUSD   Gold Spot / U.S. Dollar
45 0 3
So Gold             has broken its trendline after previous rally. Also Gold             has broken below daily 50 ema which confirms a correction is taking place. Short sellers might fancy trading it down short term until support. There should be a good buy opportunity for bulls around the support shown on the chart, around 1190-1200.

What are your thoughts eveyone?
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