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Navigating Gold’s Uptrend: Key Levels and Potential Resistance Ahead
video Gold signaled a potential bullish reversal off the recent 2,010 as it broke out of the inside day from yesterday on a rally above 2,036. However, resistance was quickly seen at 2,040, just shy of the three-day high at 2,041. Upward momentum was not as strong as it could be as gold is set to end the day below yesterday’s high. Nevertheless, it provides the beginning of a rising trend with a higher daily low and higher daily high. chart Once again, the internal uptrend line is identifying support on the way up. This is telling us to pay attention to gold’s relationship to the trendline and daily lows. A ... (full story)