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Gold Bullish Price Sequence Persists to New Highs


The trend condition in Gold remains bullish and the yellow metal is trading at this week’s highs. The move higher maintains the bullish price sequence of higher highs and higher lows and note that moving average studies are in a bull-mode condition, reflecting positive market sentiment. A bull theme in WTI futures remains intact and the latest pullback is considered corrective. Last week’s rally reinforced current conditions and confirmed a resumption of the uptrend. The contract has traded through $84.87, the Sep 15 ‘23 high.

  • WTI Crude up $0.4 or +0.47% at $85.58
  • Natural Gas up $0.04 or +2.3% at $1.908
  • Gold spot up $0.51 or +0.02% at $2352.81
  • Copper up $2.05 or +0.48% at $430.75
  • Silver down $0.06 or -0.2% at $28.0964
  • Platinum down $0.65 or -0.07% at $979.99

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