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lukerainbow96
Sep 19, 2019 6:32 PM

XAU/USD SELL Short

Gold / U.S. DollarFOREX.com

Description

my thoughts going into this trade

gold is currently too high and we should be expecting for it to fall. I personally believe there will be more continuing cuts to proceed following yesterdays(18/09/2019) FOMC speech. I expect more cuts to be made, further weakening gold. Over the next couple weeks i expect gold to be correcting itself.

potential breakout for a sell at the crossover.

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