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GOLD 5.3.2025
General Trend:
The general trend is bullish, as the price is attempting to retest resistance after the recent downward correction.
Expected Scenario:
Bullish Scenario:
Holding above 2913.65 will support further upward movement towards 2939.49.
If 2939.49 is broken, the price could extend its rise to 2955.01.
Bearish Scenario:
Breaking the 2894.75 support may lead the price to decline towards 2860.00.
A continued drop below 2860.00 will increase negative pressure, targeting 2830.00.
Key Levels:
Resistances: 2913.65 - 2939.49 - 2955.01
Supports: 2894.75 - 2860.00 - 2830.00
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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