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Gold Approaching Breakout in Real Terms

03/14/2023

Less than a minute

2023.03.14 06:26

Jordan Roy-Byrne, CMT

The 3 things to watch this week are ’s weekly/monthly resistance at $1950 and Gold’s potential breakouts against the stock market and foreign currencies.

Gold against the stock market and Gold against foreign currencies typically lead the Gold price. Breakouts in those two ratios would imply Gold can break above $1950 in the short-term and test $2050.