Outlook for gold prices is remaining moderately bullish, as long as the spot is holding the most immediate support line represented by the 20-day SMA at 1,262.44. The weekly S1 at 1,269.32 should become a subject to a primary test over the next 24 hours, while a success here should pave the way for a surge up to the weekly pivot and monthly R1 at 1,286/87. The vast majority of daily and weekly technical signals continue betting on growth as well. However, any retreat below the closest support wi…
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