XAU/USD Restoration Fails on Sturdy NFP- GLD Ranges
Gold prices reversed an early-week advance on the heels of the Non-Farm Payroll launch with XAU/USD down 0.30% forward of the New York shut on Friday. The decline takes gold again right into a vital pivot zone we’ve been monitoring for months now. These are the up to date targets and invalidation ranges that matter on the XAU/USD weekly chart. Review my latestWeekly Strategy Webinar for an in-depth breakdown of this gold worth setup and extra.
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Gold Value Chart – XAU/USD Weekly
Notes:In my final Gold Price Weekly Outlook we famous that XAU/USD was, “rebounding off main help with the advance nonetheless in danger whereas under channel resistance.” The main focus was on the, “descending channel formation extending off the yearly highs with confluence trendline resistance eyed round 1490s – search for a response there IF…