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Xauusd entered a liquidation phase rally within the trading range at the opening of the session. The Dollar rise is to blame. The focus is on the supporting consolidation.
Investors remain intrestested in gold as a safe haven assest amid geopolitical risks and declning demand for US assest.
The key drivers remains news about tax reform in the US, trade negotiation and upcoming marco data.
Gold is consoldation, but since the opening of the session, the price has been heading towards support.Against the Backdrop of an uptrend a trigger for bearish liquidity is likely to form before growth.
Against backdrop of the dollars growth gold is entering a correction phase.At the moment, all attention is on Support and the liquidity Zone 3265.
A false breakdown will trigger a price buyback
Resistance level 3322
Support level 3265
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Xauusd entered a liquidation phase rally within the trading range at the opening of the session. The Dollar rise is to blame. The focus is on the supporting consolidation.
Investors remain intrestested in gold as a safe haven assest amid geopolitical risks and declning demand for US assest.
The key drivers remains news about tax reform in the US, trade negotiation and upcoming marco data.
Gold is consoldation, but since the opening of the session, the price has been heading towards support.Against the Backdrop of an uptrend a trigger for bearish liquidity is likely to form before growth.
Against backdrop of the dollars growth gold is entering a correction phase.At the moment, all attention is on Support and the liquidity Zone 3265.
A false breakdown will trigger a price buyback
Resistance level 3322
Support level 3265
If This post useful to for you please Support with Boost and Comment
Trade active
Trade Active from 3294 to 3306 To Buy side
120 pips Successfully Done
Note
Xauusd Buy 240 pips DoneNote
Hold All Buy Trades 
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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.