As per 4 hour chart gold is weakening technically and it
seems that below 1750-45 area this can attract more sellers. Respect of 1745
zones is less likely, failure would confirm a decline till 1705 zones. 1790
zones will remain key resistance above 1790 bullish move can’t be ruled out for
1819-1840 primary trend on midterm will remain bullish short term selling
pressure can’t be ruled out below said support. Bearish divergence on MACD
indicator is suggesting big money is not flowing in market. Below 1745 2 major
reasons will attract big players that are failure of support and MACD falling
below 0 line confirming a strong failure below expected support.
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