3 min readGOLD (XAU/USD):
Gold appears to be finally breaking out of its consolidation phase as it nears previous all-time highs and approaches the internal resistance level just below $2,800.
A closer look at the technicals clearly shows that the price has been maintaining support along this internal ascending trend line, repeatedly trading toward and bouncing away from it over the past few months. I am particularly interested to see if the price can break through this resistance area, retest it as support, and sustain its upward momentum.
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