Gold’s range trading is still tilting upwards, printing above our 1960 support level ahead of today’s highly awaited Powell speech as investors look towards further clarity on the new average inflation targeting framework and forwards guidance with technicals favoring another run towards 1970 and 1980 resistance targets.

Support: 1960 / 1945
Resistance: 1970-80/ 2000

Risk Warning: 56.82% of retail CFD accounts lose money

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