The_STA

Gold's strong bounce off long term moving averages

Long
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
The strong rebound from its long term moving averages continues to suggest the bull move remain in charge. Longer term targets are the 1960 recent high and the 2070/90 region, which is the high we got back in 2022 and also the top of a 12 year channel (see monthly chart).

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