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30.01.2023 09:50 AM
Analysis of Gold for January 30,.2023 - Sideways regime

Technical analysis:

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Gold has been trading in sideways regime for many days in a row and I see potential for the rejection of the support and rotation play today.

Trading recommendation:

Key support zone is set at the price of $1.920 and watch for potential upside rotation of the zone.

In case of the rejection of the support zone, watch for buying opportunities with the upside objectives at $1.933 and $1.940

MACD is showing upside reading, which is sign that buyers are taking control...

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