Futuros de ouro

Long awaited red for Gold

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Gold experienced a sharp reversal from the 1963 resistance region and closed the prior week with a strong bearish bar which we have been anticipating for several weeks now. However will this mark as a reversal or just a retracement?

As the downside move is extended and lies at the support region of 1880, expect some retracement towards the 1900 region or consolidation early this week.

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