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Daily Oil, Gold, Silver Technical Analysis
The bearish rejection from daily SMA 200 brought gold prices lower to test the $1,800 support level. The price made a bullish reaction from the support level and closed the day as a bullish pin bar pattern. At the current time, the price is attempting to continue its upward movement and testing the previous day’s high. We might see another test on the daily SMA 200 and a possible bullish breakout to continue the upward movement toward $1,850. Today critical levels to watch: Support: $1,800, $1,780, $1,700, $1,680 Resistance: $1,850, $1,900 Silver fell with strong bearish momentum and managed to reach the $25.00 ... (full story)