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TECHNICAL ANALYSIS OF GLOBAL FINANCIAL MARKETS STRATEGIC OVERVIEW OF MACRO ECONOMY & GEOPOLITICS

Gold is facing headwind above $1,900 level!

Gold (XAUUSD, $1,899) has been facing a strong resistance above $1,900 level and violated the lower band of the wedge (blue) twice over the last two days (circled). If  correction happens then gold could spike to $1,850 - 1,875 level very quickly; next target $1,950 - 1,975

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