Gold buy low sell high inside a channel take entry at the trend line or wait for breakout. if this trend line holds than huge bearish trend for gold is coming with downside target lower trend line of channel and pervious trade war high at near 1560
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intermediate support 1755 and 1765 price and trend line are at 38% and 61% retracement where bulls takes profit and seller enters , which means more seller than buyers until trend line breaks
@SangamAgarwalFX today there is data for initial jobless claim looking at the previous week non farm payroll data it is likely that there would be increase in initial jobless claim which is strong fundamental for gold
Sangam-Agarwal
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@anshitjain10, it is inflation vs deflation bet for fed tapering starting in 2022,
anshitjain10
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@Sangam-Agarwal, you were right the jobless claim data fell by 36K