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GOLD - Weekly Report
By icn.com
Gold has been bias-less for a while, trading within a relatively tight sideways range. The Metal is currently testing the short term ascending support, which if broken we may see the downside move accelerate. Therefore, we will wait for a clear break below this support around 1665.00, before expecting further bearishness this week. Please follow our next updates for developments.
Based on the charts and explanations above, we prefer to remain neutral awaiting confirmation.
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