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Gold Price Forecast: Faces Bearish Retracement, Key Support Levels in Focus
video Gold triggered a bearish drop below yesterday’s 2,311 low today, thereby triggering an initial signal for a small bearish flag from the past few days. Resistance for the day was seen at 2,327, which was below yesterday’s high of 2,342. Sellers have been dominating price action since. At the time of this writing gold looks like it will likely end Thursday’s trading session with a full red candle closing near the lows of the day. That will setup up gold for a continuation lower. However, confirmation of weakening will be needed as recent support may continue to stop the descent. chart Bearish ... (full story)