Technical analysis of Gold for August 9, 2018

The Gold price remains in a bearish trend. Nothing much happened today as Gold price still trades inside the downward sloping wedge pattern. Prices mostly moved sideways between $1,206 and $1,215 as they do for the last couple of sessions. This behavior helps us determine some support and resistance levels with more confidence.

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The material has been provided by InstaForex Company - www.instaforex.com