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The price of gold has been trading with strong negativity since the morning to test the 1700.0 barrier now, reinforcing expectations that the bearish trend will continue in the coming sessions, the first target of which is at 1692.00, with a reminder that breaking this level will extend the bearish wave to reach 1660.00, while the expected decline will remain in place, provided stability is below 1735.00.
Today’s expected trading range is between 1690.00 support and 1720.00 resistance
The general trend expected for today: bearish
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