Emphasis on the wedge. The price can stay inside the boundaries as long as it wants, but a break of the resistance may cause an impulse that will send the price northward. Fundamental and technical background is favorable at the moment.
Resistance levels: 2500, 2519
Support levels: 2493, 2486
Technically, gold after a false breakdown is returning to the channel and testing the resistance of the wedge, an important figure in technical analysis. The market feels the struggle for the zone of 2490 - 2500. Local and global trends are still bullish.
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