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GOLD January, 27 2020
Overview:
The pair is trading below a strong resistance level around 1588, as the pair bounced down around this level previously and the same scenario may be repeated again
Expected:
Continued trading below the aforementioned resistance level might push the pair down to 1575
Alternative Scenario:
Breaching 1588 level up, may push the pair to rise to 1595
| Resistance | 1588.00 | 1590.00 | 1595.00 |
| Support | 1575.00 | 1570.00 | 1565.00 |
Disclosure of risk: 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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