XAUUSD | Perspective for the new week | Follow-up detailsAfter scooping over 5,000 pips profit from last week's trading, the price is at a critical level as we witness buying pressure around the $1,640 level during the latter part of last week's trading session to insinuate a potential bullish momentum. In anticipation of a week laced with many high-impact events, the price of Gold price slid and extends its losses and from a fundamental perspective, this could be connected to the high US inflation. So from a technical standpoint, this video illustrates the two possible scenarios we want to be looking out for in the new to take advantage of a trading opportunity.
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