GOLD is significantly following bearish trend on the hourly timeframe which is now back on an important daily support formed close to $1900 level. Here we believe that this selling pressure may attempt to show up a bearish breakout on the highlighted support which can drag the prices further downside towards the next swing low or support held at $1810. For this we have to keep a close watch on the support highlighted to identify a breakout confirmation.
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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.