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Gold Price Forecast: Falls Further After Record High, Eyes Key Support Levels
video Gold lost its upward momentum and fell below the lows of the past two days before finding support at a three-day low of 2,375. However, trading remains near the lows of the day at the time of this writing. Sellers took control today following Monday’s new record high of 2,450. That day closed weak, with the price of gold ending in the lower half of the day’s trading range. Nonetheless, it is fast approaching initial potential support levels for the uptrend. chart There are several trendlines that converge around 2,364 to 2,356. A little lower is the 20-Day MA at 2,348. How gold reacts to the 20-Day line ... (full story)