Gold: Bulls Need to Clear Key Resistance Zone Above $2,708 …

Dec 9, 2024 · Key resistance levels to monitor include: $2668: A daily close above this level may signal a bullish reversal, ending a two-week consolidation $2708-$2725 next major resistance area in the event ...

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Gold: Bulls Need To Clear Key Resistance Zone Above $2,708 …

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investing.com

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Gold: Bulls Need To Clear Key Resistance Zone Above $2,708 …

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Dec 9, 2024 · Gold technical analysis: Key levels and trends to watch. From a technical perspective, gold exhibits mixed signals in the short term. A recent sell-off, exactly two …

gold-eagle.com

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Gold: Bulls Need To Clear Key Resistance Zone Above $2,708 …

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Dec 9, 2024 · Gold’s consolidation phase ahead of CPI. Despite rising around 0.9% by mid-morning European trade, gold was still contained within its existing two-week-old ranges. The …

alleconomicnews.com

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Gold: Bulls Need To Clear Key Resistance Zone Above $2,708 …

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Dec 9, 2024 · Commodities Analysis by Fawad Razaqzada covering: Gold Spot US Dollar, US Dollar Index Futures, Gold Futures. Read Fawad Razaqzada's Commodities Analysis on …

investing.com

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Gold: Bulls Need To Clear Key Resistance Zone Above $2,708 …

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December 9, 2024. Gold: Bulls Need to Clear Key Resistance Zone Above $2,708 Before Next Leg Up

lombardtrading.com

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Gold: Bulls Need To Clear Key Resistance Zone Above $2,708 …

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Dec 9, 2024 · Gold’s short-term outlook is clouded by mixed signals, with resistance holding firm around key levels. Meanwhile, geopolitical upheaval from the Middle East to South Korea and …

headtopics.com

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Gold: Bulls Need To Clear Key Resistance Zone Above $2,708

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LONDON (December 9) Gold and silver rose in the first half of Monday’s session. A shift in China’s monetary stance provided a welcome boost for Chinese stocks and this helped to …

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Gold: Bulls Need To Clear Key Resistance Zone Above $2,708 …

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Dec 9, 2024 · However, near-term resistance within this pattern may limit immediate upside potential. Key resistance levels to monitor include: $2668: A daily close above this level may …

investing.com

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Gold: Bulls Need To Clear Key Resistance Zone Above $2,708 …

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Dec 9, 2024 · Commodities Analysis by Fawad Razaqzada covering: Gold Spot US Dollar, US Dollar Index Futures, Gold Futures. Read Fawad Razaqzada's Commodities Analysis on …

investing.com

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Gold: Technical Reversal Here Could Spark A Selling Spree

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Dec 11, 2024 · Gold is currently testing the immediate resistance at $2724. Without a sustainable push beyond this level, the rally could stall, leaving bulls vulnerable to further downside …

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Here’s What You Need To Know About Gold’s Long-Term Bull …

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Mar 13, 2024 · Not only is this bull market still alive, it just got reinvigorated by its impressive close above the $2,000 to $2,100 resistance zone that has acted as a ceiling for the yellow metal …

forbes.com

FAQs about Gold: Bulls Need to Clear Key Resistance Zone Above $2,708 … Coupon?

Why did gold close above a strong resistance zone?

Since mid-2020, there has been a strong resistance zone overhead from $2,000 to $2,100 that gold kept bumping its head on. On Monday, March 4th, gold finally closed above that resistance zone on very high trading volume, which gave a convincing bullish confirmation signal. ...

What is the critical zone to maintain a bullish bias?

For the weekly chart, the critical zone to maintain a bullish bias is above $1834.2. The daily chart’s key level is the wedge’s resistance near $2080; a bullish breakout here could be very telling. On the hourly chart, pivot levels are our primary guide, with $2046.4 as our immediate reference point for potential bullish momentum. ...

What are the key levels for a bullish breakout?

The daily chart’s key level is the wedge’s resistance near $2080; a bullish breakout here could be very telling. On the hourly chart, pivot levels are our primary guide, with $2046.4 as our immediate reference point for potential bullish momentum. Potential Trades ...

Is another phase of gold's bull market just beginning?

As long as gold remains above the $2,000 to $2,100 zone (which is now a support zone), there is a high likelihood that another phase of the yellow metal’s long-term bull market has just begun. How Paper Money Debasement Drives Gold’s Bull Market ...

What drives gold's long-term bull market?

Another major driver of gold’s long-term bull market is America’s skyrocketing national debt. ...

How long will gold's uptrend stay intact?

According to the most basic principles of technical analysis, gold’s uptrend will remain intact as long as it stays above that uptrend line; a trend in motion tends to remain in motion. Since mid-2020, there has been a strong resistance zone overhead from $2,000 to $2,100 that gold kept bumping its head on. ...