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Gold Prices Likely to Fall Further

Gold Prices Likely to Fall Further

David Rodriguez, Head of Product
ssi_GOLD_body_Picture_17.png, Gold Prices Likely to Fall Further

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GoldRetail forex traders remain steadily long Gold prices, giving us a contrarian bias in favor of further XAUUSD declines.

Trade Implications – Gold: Last week we noted that Gold price weakness off of key resistance warned of weakness. And indeed, price continues to consolidate below important highs while retail sentiment leaves us favor of a test of the lows.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

ssi_GOLD_body_Picture_11.png, Gold Prices Likely to Fall Further

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