{XAU-USD} Fundamental & Technical Analysis

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Globally :

-Gold prices declined during Thursday’s trading as the U.S. dollar strengthened ahead of the Non-Farm Payrolls report.

- This drop halted a five-session winning streak that had pushed gold to all-time highs, amid rising concerns over a potential trade war between the U.S. and China.

- Due to investors’ concerns and fears about Trump’s monetary policy between nations. this emotions feed gold very much




Current Sentiment :

- 59 of the forex traders are currently going short with XAU/USD, with an average price of 2629.9814, meanwhile 41 of the forex traders are going long with XAU/USD, with an average price of 2737.0888.

Technically :

Price pulled back from OTE Levels Respected Previous day's Orderblock Still Wednesday High easy to sweep cause below wednesday high is low resistance liquidity

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