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Spot Gold price action
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Time Frame : Intraday 30 Min Chart
Spot Gold is edging higher into resistance but is again struggling and extended into the zone as momentum falls. Traders are eagerly awaiting the FOMC meeting tonight which will have an affect on the USD. Expecting to see the USD edge higher which will pressure gold lower off the resistance zone around 1740. Price has already flushed the level (on a minor move) and may do it again to get bulls excited. If price again fails, then watch for an unwind of buyers and spike lower.
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Commodity : Spot Gold
Current Price Spot XAUUSD : 1736
Status : On watch for Gold to move lower
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Spot Gold
