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XAUUSD (Gold) Had A Wonderful Month | September 2, 2019

Gold had a wonderful month in August. We've seen gold trade from $1,400.00 to a high of $1,555.00 in August. Will gold continue its move higher? Well, looking at the weekly chart for gold it seems some minor headwinds are here. In order for gold to move higher it will have to hold support at $1,480.00 - $1,500.00. Now, this chart shows weakness. How low will gold trade? That's the question. We are eyeing a must hold of $1,480.00 in order for gold to move higher in the long term (monthly).