Gold nearing critical point.
As ranging sideways is highly unlikely due to Fed and USD, current gold move has two potential targets outlined above. The next week should shed light onto which path we will be taking. I am forced to be biased short-side here as USD is beginning to show increased strength again on multiple fronts. This is a re-post of an earlier idea to show the larger scale. USDJPY will be the currency pair to watch as it has been the weakest USD pair recently.
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