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Technical Analysis: Spot gold may return to the June 24 low of $3295.
Gate News bot reports that, according to Reuters technical analysts, spot gold may return to the low of $3295 per ounce from June 24, as the rebound from that level seems likely to end near the resistance level of $3335.
The dissipation of bullish momentum increases the likelihood of the downtrend extending to $3280, which is the 100% projection level of wave c since $3390. A breakout above $3335 may only trigger a slight rise to $3348.