The movement on Gold against US Dollar
XAU/USD is going in sideways movement forming a gradual downtrend testing the S&R. If it breaks the lower support we're looking at a bearish breakout to the 1458 - 1461 level. Then a potential retest back up to 1477-1483 area in the next few days. However US news release regarding the United States-Mkit services Flash-Markit at 14:45 tomorrow could create volatility between the pair so trade carefully.
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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.