1. Gold was on a bullish run for the past 5 months from 1160.0 to 1300.00, that run faced critical resistance at 1300 psychological line combined with a monthly trendline at this area
2. We can expect a downward trend if it breaks below the 50 EMA at 1285.0
3. Next target is the 200 EMA at 1260
2. We can expect a downward trend if it breaks below the 50 EMA at 1285.0
3. Next target is the 200 EMA at 1260
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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.