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In Gold chart price making lower low, but RSI making higher low.

In next two days we can see some upside correction can happen.

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Even today is Election day dont forget tomorrow is FOMC rate decession day.

Market will be more volatile this week. As we expect Gold is continuously falling down with Donald Trump's Victory. There is a short term support at 2700 area and once it is break we can see 2650 level in this week.

We suggest look for Sell Trade trades at every retracements.

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GBPJPY forming a Head and Shoulder pattern..

GBPJPY 𝐒𝐄𝐋𝐋 𝐓𝐫𝐚𝐝𝐞 at 198.00

TP 1 - 196.85
TP 2 - 195..80

SL place above - 198.70

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Before and After Trade …

Gold Sell Trade

XAUUSD Sell Trade @ 2756 - 2760
TP 1 - 2743
TP 2 - 2731
TP 3 - 2720

SL can place above 2767

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Gold Reached 50% of its retracement of yesterday move..It’s better to look for Sell trades between 50% - 61.8% Fib levels.

Today NFP expectation is 106K. It’s the lowest forecast for this year. So we expect a higher than NFP will come today.

Gold Sell Trade

XAUUSD Sell Trade @ 2756 - 2760
TP 1 - 2743
TP 2 - 2731
TP 3 - 2720

SL can place above 2767

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Gold is at Major Resistant point.

Once price reject from 2787 area we may see gold will reach below 2710 area.

Or once price break 2790 level it may go above 2800 level.

Today data and tomorrow’s payroll data will play major roll for Gold Price Action.

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We expect price may go down in coming days due to US election. There are high probability for Donald Trump winning in this US election. If donald trump win the election it will support USDX and it will strong in coming days. therefor look for sell trades.

𝐗𝐀𝐔𝐔𝐒𝐃 𝐒𝐄𝐋𝐋 𝐓𝐫𝐚𝐝𝐞 at 2735

TP 1 - 2720
TP 2 - 2708

SL place above - 2751

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Gold Sell Trade

XAUUSD Sell Trade @ 2728
TP 1 - 2723
TP 2 - 2717

SL can place above 2735

Contact us to learn more: 054 427 1931

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