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Gold Confirms Bullish Reversal on Weekly Time Frame, Targets 1,971
video Gold continues to work its way higher and is set to complete its fifth day positive in a row. Although there was a higher high today momentum has slowed as represented by the relatively narrow ranged day. A daily close above yesterday’s high will show minor relative strength compared to a daily close above yesterday’s high. chart The advance remains in place and the RSI momentum oscillator has not yet reached overbought. So, the expectation is for a continuation until proven otherwise. With a day’s high of 1,964, gold was just shy of a 38.2% Fibonacci retracement at 1,965. Following the completion of ... (full story)