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Navigating Gold’s Path: Breakout Indicators and Critical Price Levels
video There is further consolidation in gold today as it trades within yesterday’s price range, setting the stage for the next breakout. Following the close there will be double inside days reflecting additional price compression. This sets the stage for a more aggressive breakout. However, it can go either way, up or down. Yesterday’s range provides key near-term price levels. chart The high of the day was 2,006 and the low 1987. A drop through the low may lead to a test of support around the uptrend line or the most recent swing low at 1,965, also a weekly low. Falling below the uptrend line shows weakening ... (full story)