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Gold Spot / U.S. Dollar
Updated

XAU: An upward trend - will it continue or die?

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The price of gold is in the middle between long-term support / resistance levels. An upward trend may lose momentum. The dimension of the movements upwards is reduced. The size of the rollbacks is increasing. The closer the summer, the stronger the influence of seasonal decline in gold prices. If the upward trend does not get support in the coming weeks, work towards an uptrend may be dangerous.
Note
Continuation of the idea:
Gold: Variant of long-term consolidation.
Gelium
Also on:
SeasonalityXAUXAUUSDxauusdlongterm

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SeasonalityXAUXAUUSDxauusdlongterm
Gelium
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.