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Gold Technical Analysis: Metal drops to session lows near $1455/oz, post-US GDP

 

Gold daily chart

Gold is nearing the 1445 support level while trading below the 50 and 100 SMAs on the daily chart. A break below the 1445 swing low could drive the market to the next main support located near the 1400 handle. US: GDP expanded 2.1% in Q3 (second estimate) vs. 1.9% expected.
 

Gold four-hour chart 

The market is under pressure while below the main SMAs. The 1445 level is likely on the bears’ radar in the medium term. Immediate resistance is seen at the 1465 level.
 

Additional key levels

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