Gold price can start correction to 1496 after break down 1503.90

New York (Oct 25)  An downtrend will start as soon, as the pair drops below support level 1503.90, which will be followed by moving down to support level 1496. The uptrend may be expected to continue in case the market rises above resistance level 1505.5, which will be followed by reaching resistance level 1516.

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