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Daily Oil, Gold, Silver Technical Analysis
Gold prices gaining more bullish momentum, especially when there is escalation of conflict between Israel-Iran. The attack on Iran causing more uncertainties as the country pullback on nuclear negotiation with U.S. If the situation continues to escalate, gold prices is on the path higher to print new record high. Under the current situation, traders will continue to accumulate long positions when the price starts a bearish pullback. Silver prices bounced from the level near $35.25 broken resistance level yesterday. The price might extend the bullish movement to target the 161.8% extension level at $38.34, and next ... (full story)