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Gold prices rose during trading today, Thursday, in conjunction with the preparation of the US dollar to a wave of decline against other currencies.

Technical view on gold

Gold is trading on the half hour time frame in a bearish direction and was able during the current trading to breach a bearish trend line and the stability of trades currently at the highest level of 1785, which will push gold to rise again to reach the level of 1796, followed by 1800.

gold

alternative scenario

The purchasing vision on gold changes in the event that prices are able to fall again and the negative close is below 1785. We will find selling trades to reach the level of 1777.

Support levels 1785, 1777

Resistance levels 1796, 1800

Gold Analysis Video


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