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XAUUSD ANALYSIS OVER H1 CHART.

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold prices kicked off the week on the back foot amidst shrinking open interest and volume, which suggest that a deeper and sustained pullback seems not favoured for the time being. In the meantime, the so far monthly low at $1924 (August 4) is expected to offer initial support.

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