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Gold has been trading upside this morning but I found strong intraday resistance at the price of $1.790 and I see potential for the further downside movement.
Due to the strong resistance on the test, I see potential for the downside movement towards lower references.
Downside objectives are set at the price of $1.785 and $1.781
MACD oscillator is showing downside reading, which is good indication for the further downside movement.
Relevance up to 10:00 2022-12-13 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
