FX:XAUUSD   Gold Spot / U.S. Dollar
Gold is in a descending channel , price is attempting to break out of the channel pre-NFP.

If the price drops back into the channel we are likely to continue the bearish momentum to test 1750 and then 1735-25.

Seasonally Gold is bullish now, also new month and new quarter with fresh capital should allow Gold to continue its long term bullish trend . DXY and Gold are now moving up in sync ( DXY normally in inverse correlation to Gold ) which is also a positive sign for Gold to resume its uptrend.

During NFP anything could happen so it's best to wait and see which scenario plays out.
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This is not financial advice.

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Nice one
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MULTIDIMENSIONALTRADER adesinaayobami03
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