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Gold Price Forecast August 29, 2017, Technical Analysis
Updated: Aug 29, 2017, 04:13 GMT+00:00
Gold markets broke out during the session on Monday, finally clearing the $1300 level. Because of this, I think that when we pull back it should be a nice
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Gold markets broke out during the session on Monday, finally clearing the $1300 level. Because of this, I think that when we pull back it should be a nice buying opportunity. Ultimately, there is plenty of support to be found at the previous resistance barrier, and therefore I think that once we get the pullback, it should be a nice buying opportunity, and send this market to much higher levels. With the US dollar suffering, the gold market should continue to show plenty of buying opportunities, and go to much higher levels as we have been trying to break out for some time now.
Gold Analysis Video 29.8.17
About the Author
Christopher LewisSenior Analyst
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
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