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GOLD XAUUSD Technical Analysis and Price Forecast
GOLD is consolidating inside a descending channel, GOLD XAUUSD is continuously facing rejection since last Friday after retesting the 200EMA resistance price level. At the time of writing this GOLD is trading near $4,460 and still facing sharp decline.
If GOLD will make a day close below $4,470 it may continue the decline towards $4,370. However a day close above $4,470 can bring an upward movement towards $4,550.