Video - Dramatic Dip in Gold Prices - What Next to Expect? FOMC

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Gold has violated the double bottom support level of 1,825, and the closing of candles below this level can extend the selling trend until the 1,807 mark.

On the lower side, the violation of the 1,807 level can lead the gold prices further lower until the 1,783 level. For now, the precious metal gold's strong resistance prevails around 1,825 levels, and a bearish trend can be seen below the same level today.