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Gold Is Inches Away From a Huge Breakout Toward $2350

Published 03/04/2024, 02:06 AM

Precious Metals surged today led by Gold’s 2% gain to $2096. It needs to clear $2100 convincingly to confirm an epic breakout.

Gold’s 4-year handle has two cup and handles within it, which project to $2350 and $2500.

Silver should outperform Gold in this macro environment but Gold has the advantage in the near term due to better technicals.

Latest comments

hi,can please clear what is the safe zone to buy and sell
You seem astute. Can you tell us why, if precious metals are an inflation hedge, their price is currently inversely correlated with interest rates?
Oil, Gold, Stocks all up ....no recession, inflation and economic slowdown.........
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