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Gold is close to falling and is trading within the pennant pattern, but so far the pattern has not been completed, and gold needs to form a third peak that may reach the area @2292-2304 before the major decline to the demand area @2222-2215.
#We have two options. The first is to wait for the support to be broken @2268 to sell with a re-correction. The second option is to wait to sell from the third peak @2292-2304.
#Today is strong news on the dollar and Powell’s speech.
#GOLD
2400
Following up on the previous gold recommendation, there is an initial penetration of the price @2195 and the price remains stable above it for a 4-hour candle. If gold maintains this penetration, we can see today the prices 2209, 2222, 2232...
#GOLD
2700