📉Gold is trading near a critical support zone at 4527. Short-term sentiment remains weak because of a stronger US Dollar and rising expectations that the Fed may keep rates higher for longer. At the same time, geopolitical tensions are preventing a deeper collapse in bullion prices.
Technical View
Immediate Support: 4510 – 4495
Major Support: 4470
Immediate Resistance: 4555 – 4570
Strong Resistance: 4600
Harry Jones
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