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03.08.2021 02:22 PM
Analysis of Gold for August 03,.2021 - BWatch for the breakout of consolidation to confirm further direction
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Technical analysis:

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Gold has been trading sideways at the price of $1,810. There is potential for the breakout play and new directional move.

Trading recommendation:

Watch for the breakout of the consolidation to confirm further direction.

Upside breakout of the resistance at the price of $1,811 can will confirm upside movement towards $1,819

Downside breakout of the support at $1,807 will confirm downside movement towards $1,1795

Petar Jacimovic,
Analytical expert of InstaTrade
© 2007-2025

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