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Gold is heading for the resistance level of 1,959. It should just be a matter of time before this resistance is broken and gold returns to the former top of 2,075 and in long term higher to 2,705.
Support is now seen at 1,872 and then at 1,852. The latter should be able to protect the downside.
Trading recommendation:
Buy gold for a rally towards 2,075 and longer term closer to 2,705
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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