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10.01.2023 10:33 AM
Analysis of Gold for January 10,.2023 - Potential for the breakout of the trading range

Technical analysis:

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Gold has been trading sideways overnight and I see potential for the breakout play.

Trading recommendation:

In case of the breakout of defined resistance zone at $1.880, watch for buying opportunities with the upside objective at $1.890

In case of the breakout of the support zone at the price of $1.868, watch for the selling opportunities with the downside objective at $1.854

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