Very choppy price action on Gold
, especially during the last week where it looked like it would finally breakout and leave the range. Unfortunately for bulls we've seen a pullback forming a double top
on the 4H timeframe. We will need to see how the price reacts on Monday to identify the next move.
There are two important levels here: 1842 and 1797. Breaking above will lead the price to achieve more gains targeting the 1870 levels, breaking below 1797 will be very negative for Gold
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