The gold is still losing positions during the first half of the day, correcting yesterday's movement. Today, if it continues with this trend, it will seek new weekly lows, helped by the 50-days MA, as it's been doing all week. Once there, it will meet with 1024 before the most significant support at 1018.8, that as we can see on the daily candles chart, was a great resistance in September. If it rebounds on any of the aforementioned levels, the gold's target will be breaking the upwards trend and go up to consolidate 1044 dollars per ounce.
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