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8/7/2020 12:56:38 AM

Gold - Technical Analysis: Friday, 07/08/2020 04:56 GMT



Gold price touched the ascending channel’s resistance, and it is expected to start declining in the coming period, as a bearish correction for the last rise.

The correctional targets begin at 2007.25 and 1994.40, while surpassing 2080.00 will push the price to continue rising on the long term basis.


Target
Risk


Support
Resistance


Trend Bearish

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