Hello everyone, I have some fresh updates on the gold market. The pace at which gold is currently moving is relatively quick, having already shattered two resistance levels.
If we consider an alternative scenario, the levels of 1938 and 1940 are now seen as viable resistances.
It appears that there is a considerable bearish momentum in the market. If the 1928 & 1930 support levels give way, we should brace ourselves for our final target which lies at the 1916 & 1903 marks.
please note that financial markets can be unpredictable, and it's essential to consider various factors and perform thorough analysis when making trading decisions.
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Good luck and best wishes to everyone.