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Gold Chart Analysis for January 2020

From youtube.com

The gold price in January 2020 has seen a historical high of $1613 just last week, before dropping back down to the mark of $1559. Thus, in the past 6 days, the gold analysis has seen a rather compact range of just $25. This rapid rise in the price of gold was cut short in response to recent major geopolitical events, such as the tension between the US and Iran subsiding. Even so, the overall gold uptrend is apparent and it's safe to say it will be rather stable for the foreseeable future. Hence, the gold price forecast, and specifically the gold ...

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  • Category: Technical Analysis