黃金差價合約(美元/盎司)
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Gold: breakout or not to breakout - that is the question

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Will Gold break or drop?

1-The XAU/USD is testing the resistance of the bearish channel.

2-There is also resistance at 1950: double rejection - Wednesday and Thursday.

3-The medium-term momentum is bearish.

4- There is no RSI bullish divergence.

Conclusion: Gold would likely drop to 1900!

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