Gold Testing the Next Support Level?

01 Jul - Gold Weekly

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Hi All,

A quick update on Gold. In my last commentary (see article), I mentioned that Gold was consolidating and I was expecting a break out. Although, it did not go in my preferred direction but, gosh, did it tank like it never did before.

As I write this article, Gold looks like it is testing a new support level (around 1180). Will support hold this time? May be… Either way, I’m keeping a close eye.

Thank you for reading and happy trading!!

 

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