Gold Rejected 1950 resistance
Gold is trading flat for the second consecutive day after hitting a high of $1949.
Technical:
The near–term support is around $1926, violation below targets $1918/$1910/$1895/$1877/$1850/$1800. Significant reversal only below 1750.The yellow metal faces strong resistance of $1950, any breach above will take to the next level $1977/$2000/$2020.
It is good to sell on rallies around $1945-50 with SL around $1960 for TP of $1850.
Technical:
The near–term support is around $1926, violation below targets $1918/$1910/$1895/$1877/$1850/$1800. Significant reversal only below 1750.The yellow metal faces strong resistance of $1950, any breach above will take to the next level $1977/$2000/$2020.
It is good to sell on rallies around $1945-50 with SL around $1960 for TP of $1850.
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