From a technical perspective, last week's failure near the top boundary of an ascending channel extending from late July and the subsequent pullback from the all-time peak could be seen as a sign of bullish exhaustion. However, mixed oscillators on the daily chart warrant some caution before positioning for further losses. Hence, any further decline is more likely to find some support near the $2,720-2,715 horizontal zone, below which the Gold price could aim to challenge the trend-channel support, currently pegged near the $2,690 region. Some follow-through selling would mark a bearish breakdown and pave the way for some meaningful corrective fall in the near term.
Gold now sell 2740
Support 2730
Support 2725
Gold now sell 2740
Support 2730
Support 2725
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Gold sell 10 pips running 註釋
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Xauusd sell 註釋
Next Target 2725 註釋
Gold sell 50 pips running 註釋
Gold sell 60 pips done 註釋
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1 support hit 120 pips done 註釋
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