GOLD losing recent gains
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GOLD 6H NEW FORECAST
The price of gold continued to decline to reach the first negative target of 2035, and we expect the bearish bias to continue to test the ascending channel support around the 2000 barrier so that the bearish bias remains expected in the immediate term.
Breaking 2030.00 will make it easier for the price to achieve the expected target, while consolidation above it will lead the price to try to recover and achieve gains that begin by testing the 2075.25 level.
GOLD 6H NEW FORECAST
The price of gold continued to decline to reach the first negative target of 2035, and we expect the bearish bias to continue to test the ascending channel support around the 2000 barrier so that the bearish bias remains expected in the immediate term.
Breaking 2030.00 will make it easier for the price to achieve the expected target, while consolidation above it will lead the price to try to recover and achieve gains that begin by testing the 2075.25 level.
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