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Daily Oil, Gold, Silver Technical Analysis | December 14, 2023
Gold prices experienced a strong increase after the Fed’s interest rate announcement. The change in Jerome Powell’s tone indicates that there will be no increase in interest rates and that there will likely be an interest rate cut next year. Gold prices, as written previously, continue their bullish trend and are ready to form new record highs. Today’s critical levels to watch: Support: $1,950, $1,900, $1,850, $1,800 Resistance: $2,000, $2,069, $2,074 Silver trendline bounce chart The price of silver bounced very beautifully from the trendline. There is no bearish confirmation below the trendline and the ... (full story)