• GOLD - Weekly Report

    Gold started the week sharply higher, with an upside gap above 1600.00 level, but retreated again below it. The metal maintains the short term side-ways consolidation range, below the key resistance around 1625.00 level, and above 1555.00 key support, in fact, near the middle of this range, and accordingly, at the current levels we prefer to be neutral in our weekly report, as the risk-reward is inappropriate.

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