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Gold Price Forecast: Breaks Support Levels, Risk of Further Decline
video Gold sold off again on Thursday as it fell below several points of potential support to reach a low of 2,332. Trading continues near the lows of the day and gold may continue lower. Several trendline support areas failed to halt the decline and the 20-Day MA was broken to the downside. Further, it looks like the daily close may come in below the 20-Day line. Today’s low is also a weekly low from last week. If gold falls below last week’s low and stays there, a bearish weekly reversal will be triggered. How gold does or does not follow through from there will be key. chart If a more significant ... (full story)