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Gold and Silver Update 1/24 – Bears March On

posted by Avatar FXTimes 846 days ago in Technical, Daily, Gold

The retracement of 38.2% seen in the 1H gold chart was sharp, but there is topping. This did not break above the 1355 level, which should act as resistance. The RSI remained below 60 after a minor violation. The market still looks bearish towards 1330 area. A break below 1329.50 then looks at 1315…
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