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Gold Trend Condition Remains Bullish

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The trend condition in Gold remains bullish and the yellow metal is again trading higher and starts the week on a bullish note. This maintains the price sequence of higher highs and higher lows and note that moving average studies are in a bull-mode condition. A bull theme in WTI futures remains intact and last week’s rally reinforces current condition, confirming a resumption of the uptrend. The contract has traded through $84.87, the Sep 15 ‘23 high, paving the way for a climb towards the $90.00 handle further out.

  • WTI Crude down $0.72 or -0.83% at $86.26
  • Natural Gas down $0.02 or -0.95% at $1.768
  • Gold spot up $7.25 or +0.31% at $2336.53
  • Copper up $4.3 or +1.02% at $427.6
  • Silver up $0.35 or +1.27% at $27.82
  • Platinum up $9.09 or +0.98% at $939.56
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The trend condition in Gold remains bullish and the yellow metal is again trading higher and starts the week on a bullish note. This maintains the price sequence of higher highs and higher lows and note that moving average studies are in a bull-mode condition. A bull theme in WTI futures remains intact and last week’s rally reinforces current condition, confirming a resumption of the uptrend. The contract has traded through $84.87, the Sep 15 ‘23 high, paving the way for a climb towards the $90.00 handle further out.

  • WTI Crude down $0.72 or -0.83% at $86.26
  • Natural Gas down $0.02 or -0.95% at $1.768
  • Gold spot up $7.25 or +0.31% at $2336.53
  • Copper up $4.3 or +1.02% at $427.6
  • Silver up $0.35 or +1.27% at $27.82
  • Platinum up $9.09 or +0.98% at $939.56