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Gold fell this morning as it stabilized below mid-point of bullish channel, noting that the SMA 9 lost strength where the price moved beneath it on the 4-hour chart. The yellow metal is currently trading within a bullish channel as it eyes to retest $3349 then $3320. On the flip side, if the price clings above the daily pivot point at $3391, gold could rise towards $3426 then $3452.
Highness
Jun 17, 2025
Gold opened today's trading on a decrease as it failed to break the channel’s upper line. Gold is currently trading below the daily pivot point at $3362, noting that a sustained move beneath it could expose the yellow metal to further declines towards $3403 then $3385. On the other hand, if gold gains positive momentum, prices could bounce towards $3468 then $3487.
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Jun 16, 2025Discover why over 25.000 live trading accounts trust Highness, and join the community of successful traders today.
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