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Daily GOLD Forecast – 10.5.2022

Suggests an attempt to test the support area near the level of 1850. Further, the continuation of the growth of quotations with a target above the level of 1985. Cancellation of the option to raise the price of Gold will be a fall in the value of the asset in the markets and a breakdown of the level of 1795 This will indicate a breakdown of the support area for Gold. In this case, we should expect a continuation of the fall in the price of Gold with a potential target below the level of 1765.