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Technical analysis:
Gold has been trading downside as I expected and there I see chance for further drop
Due to the breakout of the of the channel in the background and the short-term downside trend, I see potential for the further drop towards lower references.
Downside objectives are set at the price of $1.902 and $1.893
MACD oscillator is showing negative reading, which is good sign that sellers are in control....
Key resistance is set at the price of $1.915
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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