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Daily Oil, Gold, Silver Technical Analysis
Gold prices managed to reach the green box area and show slight bounce reaction. Traders who enter long positions will hold the positions and monitor the price movement. A stop order could be placed below $3,120. If the price closed below $3,120 then the bullish trend is ended and the trend might turn bearish for medium-long term. On the upside, we expect the price to continue the bullish trend to target $3,500 then $3,647. The bearish correction on silver prices reached the $35.25 and immediately show bounce reaction. The price almost returns to the opening level and form a bullish pin bar pattern. If the price ... (full story)