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Daily Oil, Gold, Silver Technical Analysis | February 06, 2022

From fxdailyreport.com

Gold prices made a bearish breakout below the $1,900 support level. The price might continue lower to target the $1,850 support level. Traders will make use of this moment to enter long positions near support levels. If the price breakout below the $1,850 support level then $1,780 – $1,800 is the area to watch as bearish target. On the upside, a close above $1,900 might become a bullish continuation confirmation. Today’s critical levels to watch: Support: $1,850, $1,800, $1,780, $1,700 Resistance: $1,900, $1,950 {chart} Silver prices breakout and closed below the $23.00 support level which confirms the bearish ... (full story)

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