In FOMC News, when gold broke from 1947.2, at that time it had come down continuously till 1914, then pulled back and gone up to 1925. Still, the market is running on 1925.
1929.80 is a great resistance; if Gold does not break it, Gold will come down further; then the support is 1916 and 1912.
We think it will break them too and meet our target of 1903.
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