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Gold price is very close to the 2020 higher highs that made yesterday. Trend remains bullish. Price is in a medium-term bullish trend and as long as price is above $1,750-60 level bulls have nothing to fear.
Red lines - bullish channel
Green rectangle- support zone
Gold price is approaching the upper channel boundary. This resistance is at $1,833. Our upside targets have been reached. Bulls need to be cautious as it is justified to see a pull back towards $1,760. Longer-term trend remains bullish as long as price is above $1,660. A pull back towards $1,785 area is highly likely. But be careful, trend is bullish and we consider such a pull back as an opportunity to buy not to go short.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
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