Gold from $2364 to $2418: What Next..?
Gold dropped to $2364 and approached support zone of the descending parallel channel on 4 hour time frame chart and attracted some buying momentum that today reached $2418
Some pause is seen with consolidation above $2410 while further advance requires strong break above $2418 for advance towards $2430-$2444
Failure to make decisive break above $2418 will result in renewed selling that targets retesting $2364 below which next support may be identified at $2353 followed by $2332
Some pause is seen with consolidation above $2410 while further advance requires strong break above $2418 for advance towards $2430-$2444
Failure to make decisive break above $2418 will result in renewed selling that targets retesting $2364 below which next support may be identified at $2353 followed by $2332
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