According to the analysis made upon the XAUUSD chart today I do notice that a week bearish trend is taking place based on the oscillator which is now at 0.672 area located below the balance level while at the same time the indicator is giving us a blue signal which makes a week indication that a bearish direction is taking place on the short term. The moving average 5 on the chart giving us a down slope the top located at the price 1238.45 could be considered a good stop loss for if there were sell orders indicated by the indicators we are using.
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