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Navigating Gold’s Record-Breaking Path: Upward Momentum and Future Targets
video Gold rises to a new trend high of 2,052 today before backing off. That’s only 1.5% from the record high of 2,082. It reflects strong upward momentum in gold that has a chance of continuing to help propel prices higher. A daily close in the top third of today’s range, above 2,046.40, will provide a relatively strong close and increases the chance for the advance to continue in the near term. Otherwise, a weaker relative closing price, below the top third of the day’s range, increases the chance for a day or more of consolidation or a retracement into support levels. chart Gold is set to complete a ... (full story)