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  • Vasily Trader

GOLD (XAUUSD) Waiting For Important Decision Next Week!



Gold is still trading within a wide horizontal trading range on a daily.

1765 is its low and 1965 is its high.


Based on a current price action I see two potential scenarios:


1 - The price may respect the drop to support of the range and continue trading within the underlined boundaries consolidating

2 - The price may break the support. Daily candle close below will signify a highly probable bearish continuation.


For now trading gold is not safe. Let it reach key levels before you open a trading position.


What do you think will happen?

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