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Gold Price Forecast: Gold Goes Boom, Bulls Drive Fresh Highs – DailyFX
Gold prices put in their seventh consecutive week of gains and pushed up to the 1900 level for the first time in almost nine years. But can it last?
Gold, XAU, GC Price Analysis
- Gold prices took a stratospheric leap this week, jumping from last weeks support test at 1800 to the 1900 level that hasnt been traded at since 2011. This psychological level has since helped to slow the advance; but can it bring on a reversal?
- Gold prices have one last remaining item of resistance ahead and thats the high that was set in 2011 at the 1920 level.
- While the monetary backdrop has seemingly supported metals for much of the past…
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