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GOLD: market to reach nearest resistance

GOLD: market to reach nearest resistance

Information is not investment advice

There's a bearish 'Engulfing' pattern, which has been formed under a local 'Window'. This pattern hasn't been confirmed enough, so it's likely that the market is going to reach the nearest resistance at 1312.97 soon. If a pullback from this level happens next, there'll be a moment to have a decline towards the previously tested 'Window' (1276.38).

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