Sohtionghum

Gold at multi-month support resistance

FX:XAUUSD   Gold Spot / U.S. Dollar
2
A steep rally calls for a substantial retracement and consolidation before new entrants find a good entry to move price to the next level. Therefore this two day correction in Gold may not be enough. That also means that this horizontal level around 1350 could be just temporary. That said, short terms traders may find opportunities while bears must watch out.

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