Hi María here. I am glad to share the technical analysis of the Gold hope it will help you.

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Gold



Gold is currently testing the upper limit of its medium term bullish channel at 1,672 and seems to initiate a decline. However, a puncture of these levels will free up significant potential and make a bullish trend more violent.

Technical indicators don't give clear signals but are approaching to the overbought zone suggesting a decline.

According to previous events, the market indicates a bearish opportunity at the levels of 1,672 with the 1st objective of 1,660, then of 1,655. A break through 1,675 will change this scenario.

Have a great day!

María

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