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09.02.2023 11:31 AM
Analysis of Gold for February 09,.2023 - Potential for the upside breakout

Technical analysis:

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Gold has been trading sideways at the price of $1.879 and I see potential for the further upside breakout.

Trading recommendation:

Due to the trading range regime, I see potential for the breakout mode in the play.

Watch for the potential buying opportunities in case of the re-break of the resistance at $1.886.

Upside objectives are set at $1.899 and $1.908

Support is set at the price of $1.860

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