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FX.co ★ Gold remains inside its trading range.

Gold remains inside its trading range.

No real price action today for Gold once again. Price continues to move sideways. Price continues to hold above the key support of $1,900 and below the key resistance of $1,950-60. Gold traders keep a waiting stance.

Gold remains inside its trading range.

Blue lines- trading range

Gold price today has made almost zero progress. Price is about to end the day just a little higher than yesterday's close. Support remains intact but also price remains below key resistance. In order to see a rise in volatility and the start of a new short-term trend, we need to see Gold price break out of the trading range shown with the blue parallel lines in the chart above.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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