gold
gold weekly analysis
Gold, as we mentioned last week, was ascending, targeting the mentioned resistance levels.
Now we expect a corrective decline until the support area at 1844.26 levels, including an expected rise and targeting the resistance area at 1877.91 levels, including the expected to form the top of the week.
But in the event that a four-hour candle closes below the level of 1833.22, we expect the decline to continue and target the second support area at 1800.98 levels, from which the bottom of the week is expected.
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