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Current price: 1850
Key point: 1806
Our preferred direction: buying positions above 1806 levels, targeting 1870 as a first target, then 1885 as a second target
Alternative scenario: stop the loss and change the direction by breaking 1806, targeting 1790
Technical comment
Gold rose from the support levels 1790-1806 and from the harmonic shark pattern by 88% Fibonacci retracement of the xa leg, so that the rise is expected to continue to the next resistance levels at 1867-1885 levels
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