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Reasons: - Price trades near Current Support Level - Current support level is 1673 $ - Resistance line - Resistance level is 1710 $ - I think Gold price can make pullback from current levels - To open position only after setup which you personally trade - Always do your own research before opening positions and always put SL
If you have your own opinion or thoughts about current market situation, feel free to write it in comment below !
Technical data shows this price would increase over 1700$ but on the other hand countries (Especially Europe and USA) getting normalize.. it’s first day of the week so tomorrow (Tuesday) might show better new trend because price could not keep over 1695 & 1700 levels so still trend looks short.
Guapeva
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Agree 2!
ProjectSyndicate
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well done buddy, looks good to me.
rjselim
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Good job
Alyakkash44
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I am short on gold! Waiting for the price to go down at 1630 and thn buy