Dear readers, as I predicted yesterday, Gold reversed its direction and opened the trading session below the $1975 level. I previously mentioned that Gold had the potential to retest in order to gather momentum for further upward movement. Therefore, upon analyzing the 1-hour chart, we can observe that Gold has broken the uptrend. It is expected to retest the support level before establishing a new upward trend. What are your thoughts on this matter?
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Kommentar:
Perhaps the support level is being checked now. Please wait for a new report from me
