GOLD ANALYSIS OF THIS WEEK!

242
#XAUUSD navigates within a trendline and aims to retest the 3340 resistance.
the 50MA support the assets more while the momentum aims to cross the 100-line up
however breaching below the trendline may trigger a decline for gold giving us mixed sentiment

TRADE IDEA: The price may break above the 3340 with the upside toward the 3365 resistance

However if the price breaks below the trendline #XAUUSD will decline to 3290
Trade active
Trade closed: target reached

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