Gold Analysis: Will Gold Prices Continue to Rise Following Recent Record-breaking Gains? | Metals Mine

  • Gold Analysis: Will Gold Prices Continue to Rise Following Recent Record-breaking Gains?

    From dailyforex.com

    The strength of the US Dollar coincided with increasing global tensions; however, this provided a prime opportunity for gold "bulls" to push spot prices above the psychological resistance of $4,500 per ounce by the end of last week's trading. Prices are currently hovering near the all-time high of $4,550, increasing expectations for a breakout to new record levels. According to trading platforms, the yellow metal closed the week steady around the $4,510 resistance level. Concurrently, investors are counting on the continuation of market gain factors to project further rallies. Meanwhile, technical indicators ... (full story)

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