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Gold 21.3.2025
General Trend:
Gold is in a strong uptrend but is facing resistance at 2055.10 after a continuous rally. The price may undergo a corrective pullback or consolidate in this region.
Expected Scenario:
Bullish Scenario:
Holding above 2043.45 may lead to another attempt at 2055.10.
If 2055.10 is broken, the next target could be 2070.00.
Bearish Scenario:
A break below 2043.45 could push the price down toward 2022.09.
Further decline below 2022.09 may lead to 2006.18.
Key Levels:
Resistances: 2043.45 - 2055.10 - 2070.00
Supports: 2022.09 - 2006.18 - 1980.00
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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