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21.10.202115:36 विदेशी मुद्रा विश्लेषण और समीक्षा: Gold still below key resistance.

Gold price is trading around $1,780 as bulls try to break above the key downward sloping resistance trend. Gold price has bounced back up from the cloud support at $1,770, but has not broken yet above the blue downward sloping resistance trend line.

Exchange Rates 21.10.2021 analysis

Blue line- resistance trend line

Gold price is still below the key resistance trend line. A rejection at current levels will most probably bring Gold price towards $1,760. This week's low at $1,759 is the most important short-term support level. As long as this support level holds, bulls have hopes for a break above the $1,790-$1,800 resistance. Breaking above $1,790-$1,800 will push price towards $1,860. Otherwise we should prepare for a strong sell off below $1,700.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

Alexandros Yfantis,
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