Gold
Moreover, technical indicators on the daily chart have struggled to recover from the negative territory and reinforce prospects for an extension of the recent pullback from multi-year tops. Hence, some follow-through weakness, towards $1457-55 support zone en-route monthly swing lows around the $1445 region, remains a distinct possibility.
On the flip side, immediate resistance is pegged near the $1481-82 region (100-DMA), above which the commodity is likely to head back towards reclaiming the key $1500 psychological mark before eventually aiming to challenge a resistance marked by the top end of the mentioned trend-channel, currently near the $1509-10 region.


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