ASAMForex

MARKET OUTLOOK ON GOLD

Short
SAXO:XAUUSD   Gold Spot / U.S. Dollar
From the most recent market move, GOLD has already started developing and uptrend after being in deep correction on June. Up to the current price position, it seems that, correction of the first five wave up has started. We expect price to fall to certain levels indicated by support line in a price chart, then after, buy traders will be highly suggested. At the current price position you can take short trades but must be taken after the short rise indicated in a chart has taken place.

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