The legend in the InstaSpot team!
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Technical analysis:
Gold has been trading sideways at the price of $1.998 and I see potential for the breakout mode due to consolidation in creation.
In case of the upside breakout of the resistance at $2.006, I see potential for the further growth towards the level of $2.020
In case of the breakout of the support at $1.985, I see potential for the drop towards $1.970
RSI oscillator is showing upside range structure, which gives more odds for the upside breakout.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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