The bullish momentum in gold is set to resume over the couple of next days due to the tensions between Iran and the West as well as rising signals on a cut by the US Federal Reserve in federal funds rate. The lull after last week's steep rise and corrective move is likely to stop after the price tries to reach 1432 level. Still above we will watch 1440 line. In the event of a decline 1420 almost at the 50EMA will be providing support.
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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.