GOLD OUTLOOK: KEY LEVEL AT 4784 HOLDING THE DIRECTION

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Hey everyone,

The market opened with a glitch gap into the bearish Goldturn gap and filled 4784. However, there was no EMA5 lock below this level, which led to a rejection and a bounce.

If this level continues to hold, we are likely to see a move toward filling the bullish gap at 4860 Goldturn. On the other hand, a confirmed break and lock below 4784 would open the door for lower Goldturn targets, where gold may look for support and a potential bounce aligning with our plans to buy dips.

We’ll keep you all updated.

Mr Gold

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