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Daily Oil, Gold, Silver Technical Analysis
Gold prices have broken above the flag pattern, which is bullish. However, there is no bullish continuation yet, as the price turn lower to retest the broken trend line. We maintain bullish view on the gold prices and expect bullish bounce will happen. However, if the bear continue pressuring the price lower, then the bottom of green box area will become the best place to look for long positions. Silver price’s bullish trend has not stopped yet, the price might stall today, but it is mostly stable on the upside. If the price turn lower, then the $35.25 level is the support level to watch. Traders better avoid ... (full story)