The $1900 level has been significantly breached, making it a short-term support level.
With the market showing a lack of faith in the Federal Reserve's ability to fight inflation, gold is likely to see buying pressure. at the $1856 level, which is rising. Further down, the market may threaten the 200-Day EMA. Only if the market breaks down below the 200-Day EMA will the trend take off to the downside.is expected in the gold market, but it should eventually become a great buying opportunity.
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