As long as Gold prices sustain above $1867, a resumption of uptrend is very likely which requires prices to clear $1878 to reach swing high $1881
Further, price acceptance above $1881 indicates buyers presence for next upleg $1896
A sustained break below $1867 followed by $1862 will prompt a quick break down for $1858 and $1852 which is acceleration point for extended downside targets $1835 & $1825
Further, price acceptance above $1881 indicates buyers presence for next upleg $1896
A sustained break below $1867 followed by $1862 will prompt a quick break down for $1858 and $1852 which is acceleration point for extended downside targets $1835 & $1825
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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.