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Daily Oil, Gold, Silver Technical Analysis | April 24, 2024

From fxdailyreport.com

{chart} A decline occurred in the price of gold to the green box area and now the price seems to be staying near it. The trend is still bullish, but the ongoing bearish correction phase does not appear to be over. There is still a chance of further decline in price to the next support points. However, a bearish correction in gold prices is an opportunity for traders to add to long positions. Today’s critical levels to watch: Support: $2,143, $2,074, $2,069, $2,000 Resistance: $2,400 Silver halts bearish movement: {chart} A bearish correction is underway in silver prices however the sharp decline that occurred on ... (full story)

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  • Category: Technical Analysis