Gold Tests Crucial Technical Confluence. What Must Buyers and Sellers Do Next?
Gold is locked in a classic technical battle as buyers and sellers test key levels defined by short-term and daily moving averages, retracement levels, and prior swing points.Looking at recent price action, gold continued the rally that began at Wednesday's weekly low. That move bottomed near the 61.8% retracement of the advance from the end of July—a target sitting at $4230.70.
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