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XAUUSD 1W ANALYSIS
Gold is starting to look appealing for a long term position. Gold has had good returns in the past in periods of rising inflation. Price has reached a point of trendline support for the 3rd touch. This would also be nicely supported by the 50sma.
The candle size is also getting smaller and smaller which could be sellers getting out/buyers are entering. I will be paying close attention to this one