The gold tried to hit new highs before the week ended, but no success. Since the 15th of October that the trend from April is acting as a support, which dificults the upwards movement. On the other hand, joining the October 16th low with the one from October 19th, we can observe how a small upwards trend was built. Joining that to the support at1053, it seems to be a potential upwards rebound area. If it breaks it, the path is free for a slide down to 1048.8 and then 1043.8.

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