Sun, Feb 05, 2023 @ 17:53 GMT
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Gold Focused On Correction

Gold is very heavy on the Daily chart and looks unstoppable. It should hit the warning line (WL1) in the upcoming days. The yellow metal could start another leg lower if the United States data will impress in the afternoon. The current drop is natural after the failure to reach and retest the 23.6% retracement level and the $1295 per barrel.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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