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05.08.202113:13 Forex Analysis & Reviews: Analysis of Gold for August 05,.2021 - Watch for the breakout

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Technical analysis:

Gold has been trading sideways at the price of $1,812. There is potential for the breakout and my advice is to watch for the breakout.

Trading recommendation:

Watch for potential breakout to confirm further direction.

Upside breakout of the resistance at $1,830 can confirm further bullish movement towards $1,850

Downside breakout of the support at $1,785 can confirm bearish movement and test of $1,760

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