Watch These Gold Levels as Bulls Target New Highs
Watch These Support and Resistance Levels as Gold Eyes New Highs
Gold’s bullish primary trend, intact since late November 2023, remains in place after record June highs, though momentum is fading. Tom Essaye of Sevens Report says bulls’ key threshold is $3,450, with resistance at $3,444, $3,473, and $3,510, and support at $3,328, $3,284, and $3,181.
Mid-morning Treasury volatility Wednesday briefly pushed gold to session highs before prices settled flat, just under near-term resistance. The $3,325 level is critical support in the short term.
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