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The price of gold has been fluctuating sideways since the morning, settling around 1692.00, waiting for a negative stimulus to push the price to break this level and confirm the extension of the descending wave towards 1655.00 as the next station. negative.
In general, we continue to suggest bearish movement for today, as long as the price remains below 1712.00, noting that the 50 SMA is forming continued negative pressure to support the suggested negative scenario.
The expected trading range for today is between 1670.00 support and 1705.00 resistance
The general trend expected for today: bearish
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