Gold is currently testing the upper limit of its medium term bearish channel at 1,655 and seems to initiate a decline. However, a break through these levels will free up significant potential and initiate a bullish trend.
Amid the recent events, the market will indicate a bullish opportunity as soon as gold has punctured its resistance at 1,655 with the 1st target at 1,665 and then at 1,670. A break through 1,653 will change this scenario.
Amid the recent events, the market will indicate a bullish opportunity as soon as gold has punctured its resistance at 1,655 with the 1st target at 1,665 and then at 1,670. A break through 1,653 will change this scenario.
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