Gold neutral

Watching gold

06 August 2021 202
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Gold is falling to the area of a local support of this month at the level between 1790-1800.

The latter level is round, and thus might be strong.

Having gained energy within this zone, gold is likely to get back to moving up.

There is another possible scenario: if gold breaks the level and consolidates below 1790, then it will open its road to targets even below that value. Supposedly, 1770. 

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