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Gold - buy after strong weekly confirmation

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Dear traders and followers,

welcome to the weekly DKIC Gold market update !

Last week was important for the Gold price as the weekly candle closed pretty bullish and confirmed 1670 $ area as strong support (I will post a screenshot of the weekly chart in the update section). A retest of 1670 $ is very unlikely to happen. We expect strong up movement for the next weeks and spotted two nice buy in possibilities. Please take a look into the chart.


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1 week chart for proof of bullish weekly candle close

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