Gold is Testing an Important Level
Gold after penetrated the resistance area around 1800 and rallied for few days, reversed below the longer-term Moving Average made a lower high around 1835. Currently, Gold is retesting the support area at 1800 forming small candles which indicates the strength of this area to push the price upward to 1835 and 1850. However, the oscillators started to provide negative signals make the bearish scenario, the violation the current support to the downside, is still hold, in this case Gold can be forced to test the upward trendline at 1753.
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