Gold (XAUUSD)Short
Gold Before NFP
The US labor market data to be published on Friday is likely to cause further distortions on the currency market, which will also affect gold.
Massive hidden bearish divergences have built up in the gold price in recent weeks. The price is currently trading slightly below the overarching downtrend line, so we expect a significant downward movement.
Massive hidden bearish divergences have built up in the gold price in recent weeks. The price is currently trading slightly below the overarching downtrend line, so we expect a significant downward movement.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.