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GOLD 4-12-2023

Technical Analysis
By Shady Fouad
0 42

GOLD 4-12-2023

prices are moving in an up-trend in the short term and have successfully broken through the resistance zone at 2050 and also surpassed the historical peak at 2081.80, reaching new price levels of 2145. However, they faced intense selling pressure and retreated to levels around 2075. If this selling pressure persists, we may test the previous support zone at 2055.

Support

 2055 2045 2035
Resistance 2082 2145

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Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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