Short -term analysis of gold today

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Dear friends, Gold is currently narrowing its price range, indicating a significant decline in the near future. However, in my opinion, this adjustment is only temporary as the conflict in the Middle East is considered noteworthy and the current trend of Gold depends on it.

This decline could bring Gold back to its support level around $1950. Maintaining a strong hold above this support level will drive Gold to a robust growth around $2000 before any further catalysts push it to continue rising.

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