HX_Fund

1500 support turned resistance. Lower price to be seen next week

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Might head back to 1430 support area if 1500 is not broken. We should see a LHLL formation before shorting. Watch 1500 closely. Daily candle with upper shadows with bearish engulfing. If you look at the previous 3 weeks candles, you can spot the that price structure is pretty bearish.
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