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Gold Price Forecast: Breaks Resistance, Eyes Further Gains
video Buyers stepped up on Wednesday to help push the price of gold to a new trend high of 2,390. A bullish breakout triggered on the weekly chart on a move above last week’s high of 2,378. At the time of this writing the high of the day is 2,390. Today’s advance took gold back above a top channel line, which has been tested as resistance several times in the past few weeks and it provides another sign of strength for the precious metals. It doesn’t hurt that silver has also shown signs of continuing higher (not shown) as it rapidly approaches the high for the year. chart Next, gold faces potential ... (full story)
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- May 16, 2024 4:59am May 16, 2024 4:59am
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RameezAbbasi - | Joined May 2024 | Status: Junior Member | 2 Comments
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- Posted: May 15, 2024 5:40pm
- Submitted by:Category: Technical AnalysisComments: 1 / Views: 586
