On the gold spot market from the beginning of the week there are attempts to make up for Friday’s losses. The sell-off reached the uptrend line, led from the hole at the end of May.
Declines yesterday afternoon and tonight have led the price back to the vicinity of said uptren lin. If the bears led to the breakout, decline could reach the support at 1330.00.
Alternatively, speculating on a rise on the road to downtrend line visible on the chart will have to overcome yet level of yesterday’s high at 1357.00.
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