Lotsa spotlight on the yellow metal this week. Sharing some analysis on gold: A break below support of broadening channel at $1.945 has potential to validate the ascending channel breakdown spotted during the overnight trade – and subsequently shift risk in favor for a drop to lows below $1,910 that was picked up on Tuesday.
However, a move above hurdle at $1,966 would potentially open the doors to retest record high observed on Tuesday, at $1,981.20
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