CFD sur Or (US$/OZ)

Look for re-test of breakout

131
Gold has broken below major diagonal and horizontal support but I am not yet convinced of a sustained bearish move. In the near term a re-test of the breakout level @ 1780-1790 is very likely with more downside more likely if the re-test fails. Support is currently around 1740 with a recovery probably looking for a test of previous swing highs @ 1830.

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