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Gold 23.7.2025
General Trend:
Gold is trading in a short-term uptrend, currently testing the resistance at 3449.60 after a strong rebound from 3257.88.
Expected Scenario:
Bullish Scenario:
- A break above 3449.60 may lead to further gains toward 3489.96 then 3506.70.
Bearish Scenario:
- Rejection from 3449.60 could trigger a pullback toward 3373.97, and breaking it may send price back to 3257.88.
Key Levels:
Resistances: 3449.60 – 3489.96 – 3506.70
Supports: 3373.97 – 3257.88 – 3120.33
*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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