Gold is testing the first important support area at 1755-60, followed by 1747-50. RSI divergence alongside with the price structure indicate that a reaction towards 1775-80 is the moist probable scenario. We buy at current levels and we are going to add at 1750. We set our stops below 1743 and our initial target at 1775.
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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.