Gold forming a short term upside channel
As we mentioned yesterday, the 1800's zone will a key support area for buyers to accumulate while the intraday resistance as around 1808. The price action on gold respected both those levels in the previous trading session and will continue to profit key price levels for todays trading session. If we finally get a break of 1808, we will likely try to test 1817 on the upside, however, if there isnt enough buying pressure and the price pulls back. Watch out for 1800's and 1783 to the downside.
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