Gold Prices Resume The Bullish Trend

The precious metal rose to a fresh nine-year high after consolidating over the past few sessions.

Price touched the 1841 levels intraday after breaking past the 1817.80 level of support.

Further upside could see the precious metal eyeing the 1850 price level next.

To the downside, the corrections could be limited to the 1817.80 level.

We expect this level to hold keeping the upside bias intact.

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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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