The price of gold is currently trading in the range of 1939 - 1940 USD at the beginning of the week, and it is undergoing a corrective uptrend. According to our chart analysis, the Selling strategy will still be prioritized as the price continues to operate within a descending channel. The current resistance level is around 1950 USD. If gold encounters this resistance level, it may reverse its direction. The target for a price decline is 1920 USD.
Wishing you good luck and success in your trading endeavors.
Wishing you good luck and success in your trading endeavors.
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