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Gold Price Futures (GC) – Rally Likely to Extend into $1970.10 to $1998.20
At 21:36 GMT, December Comex gold futures are trading $1949.50, up $53.30 or +2.81%. The problem with thinking gold is going higher because of greater chances of bigger stimulus packages is flawed because Congress remains divided and it will be difficult for President Biden to pass any major stimulus bills. Let’s just say that there will probably be stimulus, but it will be much smaller than anticipated ahead of the election. The Democrats needed to sweep the election to gain control of everything and they did not. Daily Swing Chart Technical Analysis The main trend is up according to the daily swing chart. The ... (full story)