Upswing is testing the area of mid-term resistance 1737.94-1746.27, which can trigger a tangible downward pullback. Thus sell signals formed in this region will have a big forecast value and high chances for execution.
The opposite is also true: if bulls settle above this zone, gold might get tangible boost of growth (blue arrow).
Growth to 1737.94-1746.27 and then correction in direction 1728.00-1732.00.
Longs in direction 1737.94-1746.27.
Seeking local confirming sell signals at 1737.94-1746.27.
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