GOLD Gold prices fell below three-week descending resistance, around 1950$ at press time, after falling for the past three weeks in a row.
On the other hand, a daily close below resistance turning support around 1,955$ is not an open invitation for Gold sellers as the upward sloping trendline from November 2022, near 1,935$, could challenge the bears before giving them control.
With optimism surrounding the US debt ceiling deal, coupled with key near-term technical support impending, gold sellers should be cautious ahead of the key US Nonfarm Payrolls.
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