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Gold is still bullish but it’s facing resistance. Gold has bounced due to risk off as the Russia-Ukraine crisis continues. The prevalent trend was bearish that has turned into a crisis-induced bullish trend. At this moment the market looks like it could drop from the zone targeting W L3, M H5, and W L4. If the price continues lower expect it to possibly reach point 4 in the charts.
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The Analysis has been done with the Black Widow system.
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