XAUUSD 2017-12-08 Intra-day analysis

November payrolls to set the tone for the markets

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XAUUSD intra-day analysis XAUUSD (1248.74): Gold prices fell to a 5-month low yesterday following the breach of the support level at 1262.80 level. Price action on the 4-hour chart currently shows an inside bar being formed. An upside breakout from this level could potentially suggest a retest of the broken support level for resistance to be formed. The bias remains to the downside in the near ...

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