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Analyst: The bullish momentum of COMEX gold futures may pause.
Jin10 data reported on October 22, RHB Retail Research analyst Joseph Chai said in a report that the bullish momentum of COMEX gold futures may pause. The futures closed on Tuesday with a long positions bearish candlestick pattern on the daily chart. The recent negative trend of gold futures has led to a bearish breakout at the support level of $4200 per ounce. Before a Rebound occurs, gold prices may fall back to $4000/ounce.