Can the bulls hold this level?
Gold has been selling off for 12 days straight and has now retested September high, which is a critical support level. At this level it looks like the bears may be losing momentum and we may see a relief rally back to 2640 levels as the RSI just confirmed a bullish divergence on the 4H timeframe. Failure to hold this level could lead to further selloff to stronger support levels at around 2530 and 2475
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