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Gold technical analysis

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Gold technical analysis

Gold prices have recently risen after the Federal Reserve’s decision. Currently, the prices are trading around strong resistance levels. If the prices manage to rise and break above the 1980 level and close above it, there will be a strong buying opportunity with potential targets reaching 2005 as the initial goal. On the other hand, if the prices remain below this level, the more likely scenario would be a decline, suggesting selling opportunities.