Gold continues trading positively after the breach of the main resistance of the descending channel amid the completed Deep Crab harmonic pattern. But currently the metal trades around the crucial level of 1582.00, which represents the first target of the harmonic pattern. Stochastic is within overbought areas, which might trigger heavy fluctuations; however, our positive expectations remain valid since gold is above 1561.00 over intraday basis and above 1652.00 this week.


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