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The Gold Market is Preparing for New Record Breakouts. What are the Bulls' Targets?
Gold bulls have once again stabilized above the historic psychological resistance of $4000 per ounce, following a period of limited profit-taking sales after gold prices reached an all-time high of $4059 per ounce. According to gold trading platforms, the recent sell-off did not extend beyond the $3944 per ounce level. Moreover, the previous week's trading closed with the price stable around the $4018 per ounce resistance. A positive start is expected for the gold price in the new week amid renewed fears of a global economic recession, driven by the continuing US government shutdown and the revival of the trade ... (full story)
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