Contributors Technical Analysis Gold Targeting New Peaks

Gold Targeting New Peaks

Price rallies as the USD is going down again, you can see that is almost to hit the 23.6% retracement level and the $1295 per ounce. A breakout from the extended sideways movement is favored after the aggressive jump above the 38.2% retracement levels. Technically is expected to climb much higher after the failure to retest the warning line (WL1).

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