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Technical analysis:
Gold has been trading downside yesterday and there is the breakout of the rising channel. I see potential for further downside movement.
Trading recommendation:
Due to the breakout of rising channel in the background, I see potential for further drop.
Watch for selling opportunities on the rallies with the downside objectives at 1$1.950 and $1.940.
Resistance is set at the price of $1.980
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