Gold Price extends bounce off an upward sloping support line from March 2021. That said, the corrective pullback from the yearly low also takes clues from the oversold RSI (14) to direct Yellow Metal buyers towards a horizontal area comprising multiple levels marked since early 2021, surrounding $1,727.
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Gold Market Analysis : Next Week Unexpected Down Fall Expected
Gold markets went back and forth during the course of the week, forming a bit of a neutral candlestick. However, we did break above the $1800 level at one point which of course is a bullish sign.