ProfitClubFX

GOLD | Triple top rejection

Kort
OANDA:XAUUSD   Guld / USA-dollar
Forecast: Price making the triple top and rejecting in Small TF's, trendline rejection also seen, Dollar strengthen might have been expected to drop the gold price, while lower yields have reduced the attraction of US Government notes and bonds compared with zero-yielding gold in NY session, so we can expect target 1741, 1736 & 1727

Many confluence confirmed: Downtrend.

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