last week was very important for gold as we came down to key area 1680 but price wasn't able to break through that support area . This week im expecting a retracement to the 1800 level for tp1 with an extended target at 1810 for tp2 . From there we will watch to see if we get a breakthrough for change of trend or if resistance will hold for a continuation down. I also beleive will get most of our upside push on wednesday with the federal funds rate news event.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.