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Gold is back to soar and recorded a new all-time high
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[QUOTE="FXOchartist, post: 346094, member: 90221"] Gold prices fell to a low of $2391 on Tuesday, but rebounded and tried to rise despite facing resistance at the $2337 price level. The failure of the breakout caused gold prices to fall but faced important support at $2311. This situation illustrates that the market is still waiting and has the potential for an upside or downside breakout. The decline in geopolitical tensions in the Middle East is suspected to have caused gold prices to be trapped in a consolidation phase. On the other hand, the Fed may not cut interest rates shortly, which is also a concern for analysts. Even though there are currently no signs of an escalation of war, geopolitical uncertainty still has the potential to loom large so that gold could rise quickly at any time. [ATTACH type="full"]60775[/ATTACH] [/QUOTE]
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Gold is back to soar and recorded a new all-time high
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