FX_Zone

Gold Losing Momentum on Daily!

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold has broken the weekly support around 1907.94 support area that has became a new weekly resistance. Now it touches the new weekly resistance once again and gets a rejection candle. This will likely create a new downtrend movement for gold as it losses it momentum after a daily consolidation structure. Timing of entries should be confirmed before entering this trade. tyor# dyor#
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