Natchwoff

Gold trend analysis

Long
Natchwoff Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar

After gold's mid-term trend (daily chart) hit a record high, it immediately fell under resistance. Gold prices have received certain support from the 55-day moving average. The mid-term objective trend is to consolidate at a high level. After returning in the New Year, gold generally showed an upward trend of testing the previous high.


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