How did the gold price change at the end of the session?
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The price of gold continues to trade around $1993 and seems to remain unchanged since the start of the trading session.
On the analysis chart, although gold is moving within an upward price channel, it is evident that the momentum of this metal's increase is limited at $2002 and is starting to cool down.
Prospects and trading ideas for XAUUSD: Gold is expected to decline, breaking out of the upward price channel and dropping below the support level of $1885. It will then seek other significant levels at $1980, $1965, and $1955.
On the analysis chart, although gold is moving within an upward price channel, it is evident that the momentum of this metal's increase is limited at $2002 and is starting to cool down.
Prospects and trading ideas for XAUUSD: Gold is expected to decline, breaking out of the upward price channel and dropping below the support level of $1885. It will then seek other significant levels at $1980, $1965, and $1955.
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