On the daily timeframe, we anticipate a downward movement in gold to the 2580 level. Upon reaching the daily ascending trendline, a price rebound toward the 2670 range and interaction with the 4-hour descending trendline is not unexpected.
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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.