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Watching Spot Gold for buying opportunity
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Time Frame : Intraday 4 hour Chart
Spot Gold has been hurt by a run higher into the USD and buyers will need to find some support soon. We are watching the 1868 zone to see if buyers react and start a squeeze on sellers for a run up. The latest trend is down and momentum may be enough to push price even lower which would open up a move down to 1794. Expect to see a reaction around 1868 although only time will tell whether a higher low will stick for a buying opportunity.
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Index : Spot Gold
Current Price : 1879
Status : On watch for price to hold 1868 and a buy entry setup
