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  • Vasily Trader

GOLD (XAUUSD): Very Bearish Outlook For Next Week



Hey traders,


From the beginning of September, Gold remains very bearish:

the price is steadily falling within an expanding wedge pattern.

At the end of the week we got -5% decline.


Next week I will expect a bearish continuation within the boundaries of the wedge .

If you do not have an active position consider the test of its resistance for occasional shorting.


Supports to watch: 1730 / 1700


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