AnalysisCommoditiesTechnical Analysis For Gold

Technical Analysis For Gold

Gold prices have experienced a significant decline in the past few hours, breaking below the lower side of the ascending channel. Currently, if the price remains below the levels of this channel at around 1995 and stays below it, there will be a strong selling opportunity with targets reaching 1965 as the initial goal. However, if the price rises and surpasses these levels, an upward movement is more likely.

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