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Will Gold Prices Bounce Or Slide?
Gold Spot / U.S. Dollar
Will Gold Prices Bounce Or Slide?
By sabellaFX
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Aug 29
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Aug 29
The gold market is currently experiencing high volatility, making it essential to exercise caution. Key levels to watch:
- Break above 2523: Potential buying opportunity
- Break below 2518: Potential selling opportunity
Traders are advised to closely monitor these levels and adjust their strategies accordingly. Stop-losses (SLs) are recommended to mitigate risk.
Stay vigilant and adapt to market changes to capitalize on potential trading opportunities.
Aug 30
Note
As of now, the market condition are making us consider selling because the resistance level has been broken
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