Gold Spot / U.S. Dollar
Long

Weekly Price Action of Gold: A rise, drop and a Rally to 1900s

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Gold will retest the 1836area mainly due to the rising concerns over delta variant.

A failure to breakout above and FOMC's meeting will result in a drastic drop of Gold prices to its strong support zone of 1782 - 1768.

Mostly the fundamentals are at play this week.


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