End of day analysis for Gold 16-07-2021
Gold price faced strong negative pressure to break 1825.15 and touches the intraday bullish channel’s support line, which urges caution from the upcoming trading, as surpassing the current support will push the price to achieve additional decline that reaches 1797.00, while the price needs to trade above 1825.15 again to resume the recently suggested bullish trend.
Reprinted from Economies，the copyright all reserved by the original author.
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