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Daily Oil, Gold, Silver Technical Analysis | July 17, 2023
Gold prices experienced upward pressure but the price is still trading near the point of $1,953. If the decline occurs then the consolidation between $1,900 – $1,953 will still continue. Traders will continue to maintain long positions and also anticipate further weakness towards $1,900 and the daily SMA 200. If a move towards support levels occurs, traders can use this opportunity to enter long positions. Today’s critical levels to watch: Support: $1,950, $1,900, $1,850 Resistance: $2,000, $2,069, $2,074. Silver closed near $25.00 – $26.00. chart A sharp rise occurred in the price of silver and brought ... (full story)