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Gold price has finally bounced off 1105.00 resistance after the number of attempts to breach it.Today we are monitoring the price action to test 1077.00 support level.Alternatively a failure to sustain a move lower could see the commodity to reverse higher to 1105.00 resistance.From a technical perspective, Gold is trading in an intraday 4-hour downtrend with the line of control at the 1105.00 level.
