The pivotal point where Gold must break out if the bulls stand a chance of rejecting the downward/bearish wedge in play. The falling resistance coupled with the resistance level presented around 1819 gives a real test to the bulls in recovering recent losses caused by economic data for the US.
Bulls must break out here and show stronger signs of a push higher.
The 1hr candle closing at 1600 GMT showing early signs of rejection from this area of resistance.
Bulls must break out here and show stronger signs of a push higher.
The 1hr candle closing at 1600 GMT showing early signs of rejection from this area of resistance.
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