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CFDs on Gold (US$ / OZ)
Short

Gold Trading Idea

By Pridi
On weekly timeframe Gold exhibit a Bearish Divergence on RSI with previous week forming a Doji-like candle indicate hesitant on the buy-side. In daily timeframe, Gold price forms Ascending Triangle, MACD signal seem to support the downward movement, key level to watch is lower zone of the pattern around $1703, if price manage to breakdown, then Gold might decline to $1681/$1660 level again.
Chart Patterns
Pridi

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