According to this chart, gold is further advance. Intraday traders can see 49860 – 50000 levels soon. We may see 50200 – 50400 in extension before the weekend.
If gold breaks the support trendline, gold can collapse up to the trend diversion point (from 49560 to 49400 levels). Speculators can enjoy both rides.
Once it breaks the support trendline, I will update you.
Note: gap acts as resistance.
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