DragonCaptain

GOLD TRADING IN NEXT ZONE - ANALYSIS

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold is trading in the ascending channel and didn't break out of lower trend line working as support. If breaks 1780 then there are chances of big retracement. After hitting 1817 resistance price pulled back at 1795 the strong support historically. We can see a retracement of prices in 1780 before prices accurate to the 1840 mark in the near term.
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Comments

looks good to me. appreciate your effort!
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DragonCaptain ProjectSyndicate
@ProjectSyndicate, thank mate for your words.
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