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GOLD turned Technical Bearish after the sharp price decline yesterday and Moving Averages form bearish Divergence 200-SMA flip 50-SMA.
The price of Gold falls below $4,100 after retesting the key psychological resistance point level of $4,200. At the time of writing this GOLD is trading near $4,130. Technical sentiments are bearish, Traders are waiting for FOMC minutes announcement.
Resistance: $4,200 and $4,140.
Support: $4,115, $4,050 and $3980.