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Gold down $15 to $1729 today

Gold challenged the mid-March high on Thursday/Friday but was rejected. I characterized the level as pivotal and with today’s continued decline, the outlooks continues to worsen.

Gold is down $15 to $1729 today and has cut through the lows from the latter half of next week. Last Monday’s low of $1721 is the last decent support level protecting a quick return to the March lows and potentially beyond.

Επενδύστε στον εαυτό σας. Δείτε το εκπαιδευτικό μας κέντρο forex. Source: https://www.forexlive.com/technical-analysis/!/gold-backs-off-further-from-the-mid-march-high-20210412