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Gold Price Forecast: Gold Makes a Move on 1800 - XAU/USD Levels
Gold prices are popping higher today, making a run at the 1800 psychological level. This comes as price action had built into a bullish reversal formation coming into the month of October, showing a falling wedge after support held at a key spot on the long-term chart. Falling wedges are often approached with the aim of bullish reversals and that’s continuing to fill in. chart Longer-term, there’s another bullish formation that’s even had some recent context, as a bull flag remains on bigger-picture charts, and prices have been grinding support at the topside of the channel making up the flag. This fact is ... (full story)