Gold headed for critical time

Financial and commodity markets analytics

In the last 2 weeks the gold price has broken through 2 significant resistance points and is now heading for perhaps its most important test, the peak reached in the biggining of September at around $1,350. If we see a break above this point, which is a major phsycological level within the next few days there is no reason why gold cant push higher and $1,350 should become the new support level.

A reversal in the next few days should see gold find support at $1,320 which was a previous resistance level.


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