Gold is facing bullish pressure, potential for a further rise
Price is testing our ascending trendline and could possibly rise from here. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target at 1965.57. It is worth noting that the price is still holding above EMA (50) and the Ichimoku cloud in line with our bullish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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