- Falling price was stopped at the Triangle resistance line.
- Now 2272 and 20 Day SMA are crucial numbers for bears to close below.
- Many bulls got in after the Triangle breakout and above 2278 So If that breakout and 2278 becomes invalid many bulls would panic which can result in bigger falls.
- For that Scenario bears need to close below 2272 and 20 Day SMA till then Bulls are safe.
- GOLD Chart update
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