The gold price since the opening of the US session on March 8, 2023 has not changed significantly in movement. usually, this is usually due to strong resistance between Bearish and Bullish Action. However, sometimes at this point, traders tend to take profit-taking actions that happen suddenly.
Sudden take-profit actions often require an initial trigger that is easily recognizable to traders in general.
Sudden take-profit actions often require an initial trigger that is easily recognizable to traders in general.
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Gold prices chart for a volatile session on Thursday amid shrinking volumes and open interest. That said, short-term price action does not look clear for now, while further declines are expected to meet the next area of contention at $1,900 per troy ounce.
