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Good morning! โ˜€๏ธ๐Ÿ‡บ๐Ÿ‡ธ Sending good vibes from the USA to Canada ๐Ÿ‡จ๐Ÿ‡ฆ, Mexico ๐Ÿ‡ฒ๐Ÿ‡ฝ, and across the globe to Ukraine ๐Ÿ‡บ๐Ÿ‡ฆ, Russia ๐Ÿ‡ท๐Ÿ‡บ, Korea ๐Ÿ‡ฐ๐Ÿ‡ท, Japan ๐Ÿ‡ฏ๐Ÿ‡ต, China ๐Ÿ‡จ๐Ÿ‡ณ, Argentina ๐Ÿ‡ฆ๐Ÿ‡ท, Israel ๐Ÿ‡ฎ๐Ÿ‡ฑ, Iran ๐Ÿ‡ฎ๐Ÿ‡ท, Scotland ๐Ÿด, France ๐Ÿ‡ซ๐Ÿ‡ท, Australia ๐Ÿ‡ฆ๐Ÿ‡บ, the UK ๐Ÿ‡ฌ๐Ÿ‡ง, Egypt ๐Ÿ‡ช๐Ÿ‡ฌ, and everywhere in between!

Now, letโ€™s check in on $GC (gold futures). Weโ€™re seeing an inverse mallet formation above the past high pivot Fibonacci 0% retracement at $3500.70, with a higher low established over $3468.60.

Current price is $3482, with a target ๐ŸŽฏ of $3652.90 for upper resistance. The base support jump-off point is at $3427.30, while the bottom of the up channel is at $3333.80.

Looking at deviations, the upper deviation sits at $3578. The 21-period upper value is $3534, and the 21-period lower value is $3336.80, with the 9 SMA at $3414.50.

Letโ€™s see how gold performs as we navigate these key levels! ๐Ÿ“ˆโœจ #GoldFutures #MarketAnalysis #TradingInsights

Aug 8
at
12:26 PM
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