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Current price: 4110
Key point: 4111
Our preferred strategy: Sell positions below 4111 with a first target of 4092 and then a second target of 4066.
4184 Alternative: Stop loss and change direction by breaking the 4143 level, targeting the following levels
Technical commentary
Gold prices are currently below the resistance level of 4111 and below the downward trend lines from last month. A further decline to 4092 is expected, and if this level is broken, the price will then target 4066.
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