Hello, Karina's wonderful friends!
Yesterday, we were expecting a price increase in gold, but instead, it underwent a corrective trend and lost nearly 200 pips up until now.
The support level at $2072 was broken, and the metal is currently finding immediate support at $2065. With the bearish trend in play, breaking the current support level will open up two attractive profit-taking targets at $2056 and $2050.
Yesterday, we were expecting a price increase in gold, but instead, it underwent a corrective trend and lost nearly 200 pips up until now.
The support level at $2072 was broken, and the metal is currently finding immediate support at $2065. With the bearish trend in play, breaking the current support level will open up two attractive profit-taking targets at $2056 and $2050.
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Related publications
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.