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Gold is approaching support, potential rise!

We are seeing a medium-probability bullish scenario as price is testing our first support area at 1819.49, where we could see a bounce at this level towards our first resistance at 1856.50. The Stochastic indicator is also testing the support level at 5.95, and price continues to trend below the descending trend line.

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Tickmill

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results

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