GOLD - It looks like will test 2529 high levle

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Trading remains rangebound, with investors reluctant to build large positions ahead of key US inflation data for August due on Wednesday.

Generally, the direction is uptrend

Uptrend side: The price is expected to drop to 2497 before starting to rise above 2507. Trading above 2507 may lead the price to reach the previous high of 2529.

Downtrend Side: Trading below 2497 by closing the 4H candle will indicate a downtrending toward 2484, with the potential to reach 2473.

Tendency Keys: 2507
Trade fermée: cible de profit atteinte
The gold price reached all our target
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