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Technical analysis:
Gold has been trading upside this morning and I found breakout of the key resistance cluster at the price of $1.934
Due to the upside intraday momentum and the breakout of the resistance cluster I see potential for the further growth towards upside reference.
Upside objective is set at the price of $1.967
MACD oscillator is showing fresh upside momentum, which is good confirmation for the further growth.
Support is set at the price of $1.900
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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