PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
Gold is currently distributing in Phase C. At 1980 usd we will see if we will make a bear trap or if the bears really dominate the market. For the time being, the outlook is that the distribution continues / If 1980 usd is broken, 1930 and 1910 levels will come to the fore, respectively. Considering the Chinese holiday in February, I think the USA will make good use of it.
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