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GOLD WILL CONTINUE TO FALL BELOW THIS LEVEL OF SUPPORTGOLD is significantly following bearish trend on the hourly timeframe which is now back on an important daily support formed close to $1900 level. Here we believe that this selling pressure may attempt to show up a bearish breakout on the highlighted support which can drag the prices further downside towards the next swing low or support held at $1810. For this we have to keep a close watch on the support highlighted to identify a breakout confirmation.
OANDA:XAUUSDShort
by TraderChamp-Pro
SRILANKA TOURIST ARRIVALS PROJECTION FOR 4TH QUARTERTourism has recently played a significant role in Sri Lanka's economy, particularly following the country's default and economic crisis. After experiencing a dramatic decline in tourist arrivals during lockdowns and the pandemic, there has been a steady increase in visitors since September 2022. The winter season has historically been a crucial driver of Sri Lanka's tourism, with the fourth quarter of each year consistently achieving peak levels of visitors over the past decade. Between 2013 and 2019, the country witnessed strong tourism peaks, ranging from 153,000 to 253,000 arrivals, with a consistent mid-range of approximately 180,000 to 224,000. Considering this historical performance, it is reasonable to assume that the fourth quarter of 2023 will once again reach peak levels within the range of 180,000 to 224,000 visitors. This projection and the anticipated performance numbers will provide valuable support to the tourism sector and contribute to the overall economic recovery of Sri Lanka in the fourth quarter of 2023.
ECONOMICS:LKTALong
by TraderChamp-Pro