FriesianFX

XAUUSD Gold weekly breakdown

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Historically, whenever price has rejected the red zone price has continued down towards the 1800 level, so we continue to anticipate the weekly candle price action to continue down.

The only obstacle may be NFP this week, however outside of that expectations are for gold to continue down.

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