Gold Bull Defend Support With Fresh ATHs a Short Drive Away
From forex.com
Gold prices have put in a strong bounce from the $4,285 level as buyers vie to hold the metal above $4300 into a heavy batch of event risk. If we do see strength in the labor market or higher-than-expected inflation data, there could be an opening door for a pullback in gold. But on a bigger picture basis, pullback can be seen as opportunistic for longer-term themes. Well, at this point the most recent consolidation in gold has been short-lived on a relative basis. The metal found resistance in late-October at 4380 and that led to around a month of digestion and consolidation as price action narrowed into a ...
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