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Gold 21.1.2024
General Trend:
Gold is moving in an upward trend, forming higher highs and higher lows. A strong resistance level is observed at 2729.64, with support at 2660.04.
Expected Scenarios:
Bullish Scenario: If the price manages to break the resistance at 2729.64, it is expected to continue rising towards 2785.19.
Bearish Scenario: In case the price fails to break the resistance, it may retreat to test the support at 2660.04. Breaking this level could lead to a further decline toward lower levels at 2590.
Key Levels:
Resistances: 2729.64 - 2785.19
Supports: 2660 - 2590
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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