ryanngyk1

Gold downtrend incoming?

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Weekly rejected since 2 wks ago. Now looking at the 3rd week of falling gold prices - will it happen? D might pull back to a higher price region before turning back down. Global risks coming back into play to push gold up?

Possible downtrend. watch for a lower high to form before taking a short position.
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