Commodities Analysis and Opinion

Gold Still in Position for Breakout by End of Year

2023.11.01 03:18

Jordan Roy-Byrne, CMT

closed October at $1994, failing to close above monthly resistance at $2000.

Monthly and quarterly resistance remains at $2000, while yearly resistance remains at $1900. Should Gold close at $2010 or higher on December 31 then it will make a new yearly, quarterly, and monthly high.

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