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GOLD (XAUUSD): Bearish Outlook Explained 🏅

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FOREXCOM:XAUUSD   黃金現貨 / 美元

Gold nicely respected a horizontal daily supply area.

The price formed a bearish engulfing candle on a daily
and violated a support line of a horizontal range on a 4H time frame.

I believe that the price may drop lower next week.
Next supports: 2010 / 2000

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The price nicely respected a broken support of the range!

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