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Gold: Daily Trend Remains Up

Published 10/20/2014, 05:51 AM
Updated 02/01/2024, 03:34 AM

Gold’s technical rebound from its long-term support at $1.183 has led price to the $1.240 region. The daily trend remains up as long as price is higher than $1234. However, there is significant resistance at $1.250 (last week high), $1.265 and $1.280. I expect price to move down from current levels.

Gold, 5-hour chart:

Gold Chart

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