Gold has broken out to the upside. Only the daily chart gold is officially back in an uptrend IF today's action holds into the CLOSE.
With all the turmoil in the Financial System gold is acting as "real money" as opposed to an instrument of debt.
Silver is having a great day to the upside, however has not resumed an uptrend on a daily basis.
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Massive flight to safety going on right now. I can't see typical support / resistance levels being relevant in these crazy times. Stack ON!
Silver is up over 2%. Gold is also bullish !
Will there be resistance at $2k for gold in the form of a tidal wave of 'JP fill-in-the-blank' paper shorts?
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Just posted an article about Gold top. Focus is the future price. What is your target say for the next 12 months?
https://ecency.com/hive-167922/@borsengelaber/gold-price-rises
As we can see in the chart, the price of gold is still very high today and if it breaks the line, we will see it go up in the coming days. And the people who kept gold inside three years ago are making more profits today than we can imagine.
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