ElemontFX

GOLD XAUUSD FORECAST

FX:XAUUSD   Gold Spot / U.S. Dollar
148 0 2
Gold             has broken recent support and is looking to head lower, however price is struggling to break the latest major support. On break of the orange trendline we expect price to retest the previous breakout (yellow) through a W formation. How price reacts there will determine the next trade. If price just spikes lower on open and makes a new low then the short continues.
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