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Watch These Gold Price Thresholds For Breakout Or Pullback

From investinghaven.com

Gold sits at fresh record levels after heavy central bank purchases and large ETF inflows, while markets price in Fed rate cuts and lower real yields. That combination concentrates positioning, so narrow technical bands now determine whether momentum extends or prices pull back. Based on our Gold technical analysis, the first barrier to clear is $3,750 to $3,800, a cluster of recent intraday highs and a psychological cap. If price holds above that band on a weekly close, traders treat that as a clean breakout. Above that, analysts point to $3,820 to $3,900 as the next Gold price predictions used by momentum traders. ... (full story)

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  • Category: Technical Analysis