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COT GOLD

Gold Technical Analysis

Gold Technical Aalysis

Gold moved sideways throughout the session before closing at 1,753.4 on Sunday.

Trend Analysis

Gold’s daily chart shows signs of weakness, with the support area set at 1,748.2, while on the upside, the resistance area is at 1,763.8.

We could see a new bearish moment for the next session, with a target likely estimated at 1,724.

Support and Resistance Levels

Resistance 2: 1785.20

Resistance 1: 1768.90

Support 1: 1748.80

Support 2: 1724.20

 

https://www.investing.com/analysis/gold-more-downside-likely-for-the-yellow-metal-200604544

 

https://www.benzinga.com/markets/commodities/21/10/23325040/gold-technical-analysis-by-jason-maynard-head-of-wave-fx-global-research-team

Gold Technical Analysis

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