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Gold & Silver Price Analysis – Support Test Pass or Fail? We’ll Soon Find Out

From dailyfx.com

Gold continues to sit on support created from a period during the early-part to the middle of last year. Coming up from the south is a trend-line dating back to November with a good number of inflection points. Soon, horizontal and trend-line support will run into one another creating confluence, making for an even more important point in time and price where gold will need hold and get into gear. The trend remains pointed higher since last year and for now we must respect that – especially since there is support to lean on at this time. Gold was holding well despite the Dollar rising non-stop for over a week, so it ... (full story)

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  • Category: Technical Analysis