Gold is approaching resistance, potential drop!
We are seeing a medium-probability bearish scenario as price is approaching our first resistance area at 1886.39, where we could see a reversal at this level towards our first support at 1852.84. The Ichimoku cloud is also showing bearish pressure as price continues to trend below the cloud.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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