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Can Gold Prices Reach A 10-Year High?

Posted On 23 Jul 2020
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The precious metal is quite bullish resuming its strong uptrend. Following days of consolidation, the precious metal surged ahead, logging four consecutive sessions of gains.

While price has broken past the 1850 level, it is still shy of the all-time highs of 1920.80.

In the near term, support could likely form at the 1850 handle in case of a pullback.

A strong breakout from the rising price channel will potentially suggest the bullish continuation.

About the Author
“John Benjamin Resident Analyst at Orbex. John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.” [space height="10"] At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading. Please Director at Visit our site for more details.

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