Friday, July 23, 2021 5:56 AM EDT
Currently, the gold market is ranging. However, we could expect a bullish breakout if a trendline doesn’t hold.
The 1800 zone has been protected by the buyers. At this point, it is the POC zone. 1808 is the level where we could expect a bullish breakout if the trend line doesn’t hold. Watch for it as the price is close to the ascending point. Targets are 1812 and 1818.
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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