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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

GOLD 16.7.2024

Technical Analysis
Tuesday, July 16, 2024 - 11:31
Point Trader Group
GOLD 16.7.2024

General trend: conditional decline.
Expected scenario:
The pair is approaching a strong resistance area around $2450, and there the pair may fall, but on the condition that some negative signs appear, targeting 2420 - 2400.
Alternative scenario:
The pair continues its rise by breaking $2450, targeting 2480-2500
The most important levels
resistance:
2450 - 2480
support:
2420 - 2400

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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