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Gold is heading towards an important zone — time to switch?

Gold is heading towards an important zone -- time to switch?

After recovering from the retracement, MCX:GOLD1! is headed towards the trendline resistance. With equities facing some headwings globally, gold might be in focus from a swing/positional pov . Closely monitoring as I'd booked profits approx at current levels a couple of weeks ago. With the 50 weekly MA also approaching soon (48900 levels) it will be interesting to see if price breaks out.

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