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Gold is approaching resistance, potential drop!

Oleh Tickmill
Broker
We are seeing a medium-probability bearish scenario as price is approaching our first resistance area at 1822.29, where we could see a drop at this level towards our first support at 1801.71. The Ichimoku cloud and EMA(45) are both showing bearish momentum in line with our analysis.

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Chart PatternsHarmonic PatternsTrend AnalysisXAUUSDxauusdshort
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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