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Gold Price & Silver Technical Analysis: Running Aground into Big Resistance

From dailyfx.com

Gold had a spirited move higher this week, but is now finding itself at an important area of resistance. Since July gold has run into the 1830 area on four occasions, with the most recent run-in coming to end last year and begin this one. It’s a big level that if gold is unable to overcome will likely result in more range activity in the days/weeks ahead. Gold has been a difficult handle the past half-year or so and could continue to be-so for a bit longer. At some point that will change, but not until we get some freedom of movement from levels that are becoming all too familiar. A strong break above the 1830s won’t ... (full story)

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