TradeWithApex

XAUUSD sellers missing?

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
I expect a potential rejection for gold around the 2070-78 zone, with a target of 2035, as current fundamentals do not favor an upward movement in gold price. The ongoing geopolitical tensions, especially in war situations, are supporting the current gold prices. However, in the event of an escalation, gold could swiftly move towards the 2100 mark.

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