Articles
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GOLD - Weekly Report
Gold dipped sharply on Friday, but bounced later in the session to settle above 1440.00 support level. Overall, the bearish bias is still favored, but we prefer to see a daily closing below 1440.00 to confirm further downside this week, as a holding below 1440.00 will confirm the completion of a minor double top pattern, and hints the resumption of the overall bearish wave.
Based on the charts and explanations above, we prefer to remain neutral awaiting confirmation.
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