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Gold: Markets Continue to Power Higher

From dailyforex.com

Gold markets rallied again on Wednesday as we continue to see plenty of bullish pressure. At this point, it looks as if the market is going to continue seeing a lot of bullish pressure, especially as inflationary concerns continue to be a major issue. Furthermore, the overall momentum to the upside has been sideways for a while, working off some of the excess froth in the market. Now that we have done that, we are ready to continue the overall uptrend. The $2000 level above is a large, round, psychologically significant figure, and it will attract a certain amount of attention. However, we have sliced through it ... (full story)

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  • Category: Technical Analysis