GOLD
XAU/USD slashed through the 1548/1557 support zone as it is challenging the 100 SMA on the daily chart. As bears took the market by surprise, gold can potentially extend losses towards the 1500 level near the 200 SMA with the possibility to fall further towards the 1480 and 1440 levels. Resistance can be expected near 1530 and in the 1548/1557 price zone.


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