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Gold Bulls Remain In The Driver's Seat

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  • A bull cycle in Gold remains in play and the yellow metal is trading at its latest highs. 
  • Recent gains once again continue to confirm a resumption of the uptrend and maintain the bullish price sequence of higher highs and higher lows.
  • Moving average studies are in a bull mode position too, highlighting a dominant uptrend and positive market sentiment. 
  • Sights are on the $2962.2, the 2.00 projection of the Nov 14 - Dec 12 - Dec 19 ‘24 price swing. 
  • Clearance of this level would open the $3000.0 psychological handle. 
  • The first key support to watch are levels around the 20-day EMA.
XAU Curncy_14
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  • A bull cycle in Gold remains in play and the yellow metal is trading at its latest highs. 
  • Recent gains once again continue to confirm a resumption of the uptrend and maintain the bullish price sequence of higher highs and higher lows.
  • Moving average studies are in a bull mode position too, highlighting a dominant uptrend and positive market sentiment. 
  • Sights are on the $2962.2, the 2.00 projection of the Nov 14 - Dec 12 - Dec 19 ‘24 price swing. 
  • Clearance of this level would open the $3000.0 psychological handle. 
  • The first key support to watch are levels around the 20-day EMA.
XAU Curncy_14