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Targeting $1950 for Gold and a Bit More Upside for Gold Miners

By Jordan Roy-Byrne, CMTCommoditiesJan 23, 2023 05:35AM ET
www.investing.com/analysis/targeting-1950-for-gold-and-a-bit-more-upside-for-gold-miners-200634613
Targeting $1950 for Gold and a Bit More Upside for Gold Miners
By Jordan Roy-Byrne, CMT   |  Jan 23, 2023 05:35AM ET
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XAU/USD
+1.24%
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Gold
+1.39%
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GDX
+2.45%
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GDXJ
+3.48%
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SILJ
+3.38%
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Gold inched higher last week past resistance at $1900-$1920. The next resistance is $1950-$1960.

Silver continues to lag and probably needs gold to surpass $1960 if it has a chance to surpass $24.50 and test resistance at $26.

The gold stocks and silver stocks (GDX, GDXJ, SILJ) could have another 4% upside if gold reaches $1960.

Targeting $1950 for Gold and a Bit More Upside for Gold Miners
 

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Targeting $1950 for Gold and a Bit More Upside for Gold Miners

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Comments (4)
MD KAMRUL ISLAM
MD KAMRUL ISLAM Jan 23, 2023 10:15AM ET
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just build up strategy for gold trading.....
Aldrin Belarmino
Aldrin Belarmino Jan 23, 2023 10:15AM ET
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will it be uptrends after hitting 1913?
Aldrin Belarmino
Aldrin Belarmino Jan 23, 2023 10:05AM ET
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1913 already
shaiksha vali
shaiksha vali Jan 23, 2023 9:07AM ET
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going 1960? 1910 coming I think so
Tayo Ivo Atonkwu
Tayo Ivo Atonkwu Jan 23, 2023 7:04AM ET
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people u
 
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