TECHNICAL ANALYSIS

Gold drops 1% on this day as $ 1,800 approaches


No respite for gold even as the dollar crumbles

Gold D1 24-11
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With the dollar falling across the board, gold fails to take a break as yesterday’s bearish momentum continues in today’s trading.

The price is now down just over 1% to a session low around $ 1,815 and sellers are very ready for a test of the $ 1,800 level and the 200-day MA (blue line).

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