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FX.co ★ Analysis of Gold for September 06,.2021 - Buying climax in the background and potential for the absorption

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Forex Analysis:::2021-09-06T11:53:46

Analysis of Gold for September 06,.2021 - Buying climax in the background and potential for the absorption

Technical analysis:

Analysis of Gold for September 06,.2021 - Buying climax in the background and potential for the absorption

Buying climax in the background and potential for the bigger drop in the next period.

Trading recommendation:

Due to buying climax in the background, there is potential for the downside rotation and potential absorption.

Watch for selling opportunities with the downside targets at $1,817, $1,814 and $1,805.

Key resistance is set at the price of $1,832

Analyst InstaForex
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