The price of the gold declined to surpass the EMA50, activating the negative scenario approaching from the critical support 1300.00, while Stochastic keeps providing negative signals that might add more negative pressure on the intraday trading. Now, the sideways trading will be preferred, and we are waiting for testing the mentioned support, where breaking it will be the heading key towards 1200.00, on the other hand, breaching 1350.00 will provide new positive chances for the recovery process on the intraday basis.


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