Gold prices have started the week with a slide from $1935 resistance after taking advantage of the US dollar affected by poor jobs report. A closer look at the price action indicates its upward movement is limited as the descending trendline running from May 2023 is still intact. With the price already experiencing a range-bound situation, A break below $1893 support could see the price slide towards the next support around $1855.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.