Dear traders and followers,

welcome to our weekly gold market update !

The Gold price lost in the last days almost 4% value and reached almost strong support area near 1800 $
We expect the market to make a final drop to 1790-1795 $ area which is pretty nice short term buy entry.

-RSI indicator starts sideways movement which is a buy signal.

iIn long term view is 1700 $ last important support before the trend changes from up tp down.

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Chart PatternsTechnical IndicatorsTrend Analysis

The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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