Gold Breakouts Out to a Higher Ground

in #leofinance11 months ago

The price of gold has been on a tear lately. After preaching the 2011 high price has gotten extended on the weekly chart for sure.

What in store for gold?

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After this bullish run, some consolidation is in order. Ideally price can digest the latest gains and hold 1,900. That would keep the bullish tone firmly in place.

I would not be surprised to see this spike clock 2,000 though, as round numbers seem to be a magnet for prices often times.

Either way, gold has had a heck of a run in 2020 thus far!

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Many are saying $3000 next.

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