Gold Markets Hesitate at Large Round Figure
If the market breaks below the $1937 level, it could lead to a significant pullback to the $1900 level, a large, round, and psychologically significant figure. The 50-Day EMA is also situated just below this level.indicates that a potential correction could occur, even though it might not necessarily be the end of the gold bullish run.
A daily close above the $2012 level could propel the market towards a $2100 level, especially as traders seek to protect their wealth in the current environment.
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