As I mentioned in previous week’s technical analysis that gold is likely to take a support from 1800 and a pull back towards 1850 is most likely to happen. the price took support from 1800 and gave a weekly high of 1850 as forecasted at the start of the week. The overall trend is now reversing but we can see strong resistance around 1850 to 1860. And after that Gold may move towards downside to the supports of 1830 and 1800.
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If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
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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.