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Pick of the Week

XAUUSD BEARISH

Gold has been trading sideways for over a month within a tight range, giving us many hints that a sharp move to the downside is in the works.

We are expecting a sharp move to occur to the downside within the trading sessions of this week to take us all the way down towards $1800 by the end of this week’s trading action.

A stop loss should be placed at around $1930 for this trade.

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