As we can see, gold is in a downtrend because of the resistance (yellow line). But it also has a support around $1760 - $1755 and also a long term resistance at $1680. If GOLD can break the resistance (yellow line) then the price can rise to $1960. If GOLD continues to fall and breaks the long-term resistance, then we can expect an even steeper price decline.
GoldSupport and ResistanceTrend AnalysisTrend Lines

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