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29.03.2023 08:03 AM
Analysis of Gold for March 29,.2023 - Potential for the downside movement

Technical analysis:

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Gold has been trading downside this morning and I see there potential for the further downside movement.

Due to the rejection of the resistance zone at $1.975 and potential completion fo the ABC upside correction, I see further downside movement.

Downside objective is set at the price of $1.938

MACD oscillator is showing negative reading, which is good sign for the further downside movement...

Summary
Urgency
Analytic
Petar Jacimovic
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