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Gold: With a Modest Rally on Tuesday

From dailyforex.com

The gold market experienced a modest rally during Tuesday's trading session, underscoring the persistent bullish sentiment. Of particular significance is the $2050 level, which has emerged as a key focal point. This level not only serves as a formidable support but also carries the weight of "market memory," given its prior role as resistance. In light of these factors, it becomes apparent that this zone has garnered substantial attention from market participants, making it an attractive entry point. Conversely, on the upper end of the spectrum, the $2075 level stands as a robust barrier, offering formidable ... (full story)

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  • Category: Technical Analysis