Spot gold may break a support at $1,919 per ounce and fall into a range of $1,883-$1,905, following its failure to break a resistance at $1,942 per ounce.
A bullish target of $1,956-$1,969 has been temporarily aborted and will only be resumed when gold breaks $1,942. The metal has broken a short trendline. It is expected to fall towards the lower trendline, which points at a target of $1,905.
(With inputs from Reuters)
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