Gold has been in a downtrend channel for the past three weeks and has now reached the 89 EMA. If there isn't a significant upward momentum, it is likely to continue falling. However, it's possible that there could be a temporary bounce back up to 1848 before being rejected by the resistance zone. This could present a good opportunity to sell. Target 1746
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.