If there is an accumulation above the level. we can see a breakdown. The price approaches the level 7 times already. if the price goes above the level of 1874. cancel the breakdown.
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Nice analysis. I agree with most that you've said but feel that gold needs to remain beneath 1880 as this seems to be the new resistance. A break above may reach 1899, but I still see a move down to 1800 within a week or two - pending US stimulus news. A break below 1848 could take gold down to the next 1805 levels