Gold – Bulls eyeing $1350/Oz
Gold’s repeated failure to breach 100-DMA support earlier this week followed by a sharp rise on Wednesday and a day end close back above 100-DMA suggests the metal has switched gears and is heading towards flag resistance of 1353/Oz.
A daily close above $1353 would mean a larger uptrend from the December low of $1047 has resumed.
A daily close above $1353 would mean a larger uptrend from the December low of $1047 has resumed.
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