Why is Gold Stalling or Pausing?

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The probable reason that Gold is stalling or pausing for the 3 trading days is because it is inside the Very Long Term Resistance. Anything above 1630 on the Monthly basis is a rejection as of now. Current trading Range is 1595 to 1640++.
As you can see, Gold broke out from the Monthly Triangle and the steep drop in the previous week was a re-test Inside the Triangle. Keep in mind the Key Prices as there is a very strong reaction to it. People will be looking at how it will close today - Friday 27 March 2020. Why? This will set the tone for next coming week and months.

Feragatname

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