Saracen Markets

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Gold spent most of the week under strong selling pressure, forming a clear short-term downtrend with a series of lower highs and lower lows.

However, towards the end of the week, buyers stepped back in, allowing price to recover from the lows and stabilize around the Pivot level.

At the moment, price is consolidating around 4,020, showing that neither buyers nor sellers have full control. This area will likely determine the next directional move.

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Major Events Traders Must Watch This Week. This week’s economic calendar could heavily impact Gold volatility.

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Poor risk management is one of the biggest reasons traders fail long term.

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