Gold Probes Bearish Trend Line Resistance - Uptrend Resuming?
Gold has had a relatively quiet couple of months, carving out a broad range between $2285 and $2425 since the start of April.
While there are no imminent signs that the range will break any time soon, the precious metal is turning higher off support to test (and potentially break) near-term bearish trend line resistance. A confirmed break here would tilt the odds toward more gains to approach the June high at $2385 and potentially the all-time record high near $2425 in time.
-MW
While there are no imminent signs that the range will break any time soon, the precious metal is turning higher off support to test (and potentially break) near-term bearish trend line resistance. A confirmed break here would tilt the odds toward more gains to approach the June high at $2385 and potentially the all-time record high near $2425 in time.
-MW
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