After latest economic news, gold double tested the new all time high at 2942, and reversed sharply at the previous resistance zone at 2874.
if the price managed to maintain the support at 2850, we would see a reversal to retest the all time high at 2942, and we would see a test to new high at 2968.
whereas, if the price couldn't maintain the area at 2850, we would see a continuation to the downtrend and we may see a drop to 2830 zone then 2800 - 2796 zone
if the price managed to maintain the support at 2850, we would see a reversal to retest the all time high at 2942, and we would see a test to new high at 2968.
whereas, if the price couldn't maintain the area at 2850, we would see a continuation to the downtrend and we may see a drop to 2830 zone then 2800 - 2796 zone
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