Yesterday, XAUUSD made over 1.8% drop from an all time high price of $3161. it is an interesting thing to note that for the past 3 months now, gold had been rallying strongly bullish. in todays trading session, I anticipate a decline to a H1 pullback support of 3065 during the NFP news. I expect this drop to occur due to the strong momentum bearish nature of price yesterday.
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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.