AnalizForexTechnical Analysis of Gold

Technical Analysis of Gold

The price of gold has recently dropped against the US dollar, and prices have approached the support line or the lower side of the rectangle. Currently, if the price remains above these levels at prices of 1970 and stays above them, there will be a strong buying opportunity with targets reaching 2010 as the first goal. However, if these levels are broken and closed below them, then the likelihood of a drop and selling is higher.

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