Stocks_And_Forex_Mafia

Gold resistance must be respected

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OANDA:XAUUSD   Ouro/Dólar Americano
As we can see we have a really well respected resistance level on a high timeframe, this must be respected, We are expecting a bounce and a bearish move off this level as the US economy is strengthening again the gold prices will go down as when the US economy weakens people invest in gold as its a " safe investment " but when the economy strengthens people sell gold investments causing the price to drop.

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