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Gold technical analysis

Support level: 1735

Resistance: 1755, 1775

 

Gold did a technical rebound after went down close to 50 day moving average price and went pass 1745 which is retracement of 61.8%. Target today is at 1755 (at 38.2%). If gold pass this level then it will go to stay around 1770-1775 again but if cannot pass, then there's a chance of contraction again around support line of 1735 and 1720-1715 and resistance level is 1755 and 1775