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Gold 7.1.2025
General Trend:
Gold is moving in a clear upward trend over the long term, forming higher lows that reflect strong buying momentum. The support at 2602 appears strong and supports the continuation of the upward trend.
Expected Scenario:
Bullish Scenario: If the price stabilizes above the 2643 level, it may continue rising towards the next resistance at 2720. Breaking this level could push the price toward 2770.
Bearish Scenario: If the price declines and breaks the support at 2602, we could see a bearish move reaching 2540.
Key Levels:
Resistances: 2643 - 2720 - 2770
Supports: 2602 - 2540
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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