Thursday, July 14, 2022

Gold Testing Support Again

The price of paper gold broke briefly below $1700 per ounce today. Having almost reached $2100 back in March, this is disappointing. One support line after another has been broken. However, there's reasons to be optimistic.

There's massive support at around $1670, as can be seen in this monthly chart captured today:

Monthly Gold Chart Captured on July 14
Monthly Gold Chart Captured on July 14

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