In the Technical breakdown we can see that the gold was ranging in the range of 1185-1210 which was acting as a great barrier for the gold spot but last week Friday Dollar index shown weakness and likely to go more bearish in the next upcoming week so this caused a breakout of the range and also above the bearish weekly trendline which confirms that price is likely to make new highs in the upcoming time, next resistance on this pair is 1240 and we are focusing till that point and further actions will be checked by price action.
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