Thursday, June 24, 2021 8:12 AM EDT
Gold is preparing for a long breakout if momentum persists.
Gold is at the critical support 1765-75 is the zone that bulls need to hold if they want to push the price higher. Ideally, it should stay above the interim support 1780. Targets for the move are 1792 followed by 1796. Breakout of 1796 should be targeting 1810 and eventually 1830 in further days.
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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