Gold is in upward channle lower high and higher high steps, currently stuck in a 30 point range of 2030 to 2060 area , low it is getting support and highs taking resistance. any voilation of this range in case lows gets voiltated it will test 2000 and in case of high (2062) it will test 2100 and above level.
Until proven otherwise play the extremes of this current 30 point range looks safe.
Until proven otherwise play the extremes of this current 30 point range looks safe.
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Breached 2030 level more downside from here
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Going for next support which is 2010 area
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Gold took support of 2015 as 2010 expected it did not happened now apporoaching resistance area of 2030 where sell off happened so keep checking on that level for negative price.
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Back into upper bracket of 2030-2060
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Rejected same area 2040 area fell again
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Stuck in Range
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Support holdling as of now
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Support broke 2010 below 2000 will test
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Retesting the Support break of trendline and horizontal line
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Now trading below 2000 as expecting with support break
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