Gold Mixed Feelings (Long or Short)

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Gold prices have been fluctuating within a range, showing a neutral trend. The price opened with a positive gap, rising from $2633 to $2676, and then corrected slightly to $2666.

The 50-day Simple Moving Average (SMA) is providing support at $2671, while the 14-day Relative Strength Index (RSI) is holding well above the 50 level, indicating a potential for further recovery.

For Market sentiment Gold buyers are still active, with the price attempting to resume its recovery above the monthly highs of $2726.

Key Levels: Resistance is seen at $2726 and $2750, while support levels are at $2671 and $2650.

Overall, the market is showing mixed signals, with both bullish and bearish factors at play. Keeping an eye on these key levels and indicators can help you make informed trading decisions.

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