Gold Spot / U.S. Dollar
Long
Updated

Analyzing Price Support for Long-Term Bullish Trend

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Hello Everyone,

Our primary emphasis is on maintaining a price level above the daily pivot point (1D PP). In the event that the price falls below the yearly pivot point (1Y PP), there is a possibility of witnessing a more substantial decline towards robust monthly support levels. It's crucial to note that the long-term trend remains bullish.


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Note
This analysis remains relevant for the current week.

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