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Gold and Silver: Strong bullish impulse and jump of 1.80%

From financebrokerage.com

The price of gold continues its bullish trend after confirming support at $1750 twice yesterday. During the Asian session, the price of gold was in a strong bullish impulse, and it continued during the European session. The current price of gold is $1781, which represents an increase of 0.95% since the start of trading last night. The next target is the $1790 resistance zone. The day before yesterday, we tried to make a break above, but we were unsuccessful, the price did not withstand too much pressure, and a pullback occurred. To continue the bullish option, we need a jump above $1790; after that, we could expect ... (full story)

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  • Category: Technical Analysis