The price of the gold didnt managed to surpass 1416.00, to record a lower top that might be a signal for negative pressure in the upcoming period, which makes us prefer staying aside temporarily to be certain from the price behavior according to 1374.00 support and 1416.00 resistance, where breaking the mentioned support will put strong negative pressure on the price that causes a downside rally reaching near 1300.00, while breaching the resistance will provide support for the suggested overall bullish trend scenario.
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