The price of the gold trades as sideways range which remains controlling gold trading, while Stochastic moves in the neutral area, which allows the sideways trading to continue on the intraday basis between 1300.00 and 1350.00, and as we mentioned in our last reports, surpassing one of these levels will provide clearer signals for the next track, where breaking below the mentioned support will lead to begin a bearish wave that reach towards 1200.00, while breaching above the resistance will push the price to test mainly 1450.00
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