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Gold continues to attract buyers on dips above $3010.
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Trump Tariff woes continue concerns.
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Bulls await break above $3032.
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Next resistance sits at $3037 & $3047.
Gold continues to show bullish advance as buyers join in on dips above 4 hourly 50 EMA $3010 which is seen acting as local demand area.
Descending channel resistance $3032 has been tested and price is consolidating above the trendline resistance. Next move above this hurdle will create a trigger for further advance towards $3037 & $3047 followed by $3057
Decisive break above $3057 will begin rally for yet another new All Time High and fresh set of higher resistance levels will be published once $3057 is cleared.
On the flip side, any pullback below immediate support $3010 will attract retail profit booking with a potential drop to $3004 & $2990
The views of the article are based on price action studies, technical analysis and chart-based studies. The author does not hold positions on items he writes about. The views expressed are for educational purposes and are not trading advice.
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