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Gold fell to the lowest price of 1238 since last December, prices recorded three losing weekly sessions in a row.
Technical Comment: Gold trades today below the weekly ascending trend line. The stability of the price above the support area of 1233-1239 could create a bullish rebound towards 1257- 268.
Comment on the Previous Analysis: reached the expected targets 1252-1240
Expected Daily Trend: Bullish above 1233-1239.
Important Levels:
Support: 1239-1233-1230
Resistance: 1250 - 1257 - 1262
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