Gold 4H idea

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XAUUSD falls to one week low amid stronger US dollar, currently near $1740. A move below $1740 would open the path to $1730 which is previous month’s high. On the flip side, the resistance is near $1750 level which can be retested. We expect Gold to move down to test the demand area. The traders may prefer to wait for a fresh catalyst from the FOMC minutes on Wednesday and other key US macro data to determine the near-term trajectory for Gold.

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