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After testing the “old peak” again at 1785 precious metals Gold fell again, closing the day with a slight bearish candle around 1773. This is a rare decline after 4 strong gains. . In my opinion, the possibility that Gold may have a slight correction in today’s session.
The nearest support zone of precious metal Gold is currently at 1770. If Gold breaks this level, it is likely to correct to 1750-1760. So in the beginning of today’s session, we wait for a good price zone to sell or wait for a breakout of 1770 to confirm the correction.
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