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XAU/USD Weekly Analysis

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Current price of the XAU/USD resist on it's Bearish resistance price @ 1301.81 from 50 SMA .
From this bearish channel setup, It's expected to be in bearish trend for upcoming week until price @ 1286.32.
Then there is a chance to get extented target price @ 1266.75 after some bullish corrections.

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