Gold (XAU) Long Entry
Gold has seen a big sell-off towards the regions of $1763 and seems like it's formed support here. There has been a 1.57% drop in price over the last 2 days and markets are very volatile right now. The RSI levels are oversold at 24.45 and considering the volatility of the market, a price increase to the target of $1785 resistance zone seems likely. Tomorrow a heap of high-risk economic data is released, if the results are bearish for the Dollar Gold could see a change of sentiment.
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