Gold yellow metal Corrective mode
The yellow metal is correcting after rising sharply
towards $1439. On the way down, $1380 shall act as
a crucial support level in the near term as multiple
support levels converge at this point. Therefore,
the trend shall remain bullish as long as it does not close above $1380. On the way up, $1424-1439 shall
act as a resistance level in the forthcoming trading
sessions. The next up move shall begin once the
counter breaks above the high of $1439. The daily
momentum indicator is bearish.
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