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XAUUSD CFD Weekly - 24 - 28 Aug 2020

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Current US Dollar strength pullback from the multi-month low could be considered as the major reason for the weakness in bullion, vaccine hopes and equity gains exert downside pressure.

Gold drops below $1,950 early monday Asia session, it's a second consecutive weekly loss.

Technically, we are looking at price to head towards key support level on lower line to retest 12th Aug previous low level

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