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8/12/2020 3:29:56 AM

Gold - Technical Analysis: Wednesday, 12/08/2020 07:29 GMT



Gold price achieved the expected decline completely from the ascending channel’s resistance into its support line, and begins rising now, signaling achieving more expected gains in the coming period.

Surpassing 1933.40 then 1966.40 levels will confirm rallying towards new historical levels that reach 2090.00 areas.

RSI provides positive signals that support the expected rise.


Target
Risk


Support
Resistance


Trend Bullish

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