FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD

Looking at gold, price gave us multiple rejections at the highs, and the bearish momentum is still firm on the higher time frames. On the 15 min, we have some consolidation and a break of the downward trendline. With these factors in place we could see a retracement before the downtrend continues.

We could also see a break of the highs from here.

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