GOLD: a growing correction within a downward turn

Gold has continued to rise since the beginning of this week. Growth is not very active and nevertheless. This move is in line with a small uptrend from support level 1677.63 that started in March this year. A similar upward movement took place in December 2020. It ended with a collapse in prices and was rather a correction to the main downtrend. This time, we can also expect that the price will first touch the resistance of 1811.51, after which it will fall to support 1764.54.

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