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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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Gold price remains close to $1,800.

Gold price has not made any real progress today. Short-term trend remains vulnerable to a move lower as long as price is below $1,810.

analytics61006b7acdf12.jpg

Green line - support

Longer-term Gold price trend remains bullish as price remains above the key green upward sloping trend line support. This support is now found at $1,740 and as long as price is above this level, I expect a new upward move to start anytime with a target above $2000. Respecting the green trend line is key for the bullish scenario. Next major resistance is at $1,916.

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