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#GOLD has remained bullish and with the USD turning bearish the price has broken into new highs. Could this offer long opportunities?

Watch the video to learn more…

Gold Breaks Higher

The price of Gold continues to rally higher as the USD turns bearish. Due to the rising inflation globally investors have looked to Gold in order to hedge their portfolios. This typically happens in times of economic uncertainty. 

Gold forex chart of the day

The price on the weekly chart shows the price is moving higher and heading towards major resistance around $1870.00. Looking at the daily time frame we can see that the price formed a reversal set up before rallying higher. If the price retests this zone of interest we could look for long opportunities in line with the trend.

Do you trade GBPUSD? see our latest analysis here.

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