Gold Firmer On Geopolitics, Weaker U.S. Dollar - News Summed Up

Gold Firmer On Geopolitics, Weaker U.S. Dollar


Technically, June gold futures bulls have the firm overall near-term technical advantage. Bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,300.00. Bears' next near-term downside price breakout objective is closing prices below solid technical support at $1,268.10. Silver bulls’ next upside price breakout objective is closing futures prices above solid technical resistance at $19.00 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at the April low of $17.735.


Source: Forbes April 17, 2017 12:22 UTC



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