Now, we see the 5-day decline in Gold which continues to show weakness in negative momentum and is subject to see further recoveries. Our upside trigger to confirm this scenario is 3,375.”
Gold made an attempt to push back above 3,375, but to no avail, as selling pressure reignited once more pulling Gold prices lower.
At this point, we are eyeing the 3,290 - 3,300 support area.
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