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parisseine

Gold Potential further pullback before next bullish upward bounc

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
parisseine Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis
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1
trendanalysis
XAUUSD Monday opening session is hovering around the 2358 price level. As no bullish attempts to be seen so far, it opens the door for a deeper pullback that can ping the 2352 before a new upside target in the 2390 price area.

A stable breakout of 2364 resistance will negate this pullback.
Comment:
Pullback is going further south to reach 2342 with an expected bounce back to the 2359 price level. Only a breakout above may bring a stable Long within the current market correction context :(
Comment:
The Daily low in the 2339 mark may create a consolidation range from now between 2346 and 2352 before getting able to go more up.
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