As you can see from the Daily chart, the price has reached the resistance of the sideways movement. We have an important resistance between 1223 – 1224 since April, now is important to close and consolidate above this range. If the price will have the power to escape from this range then the GOLD will continue the upward movement. The bullish movement is favored by the US dollar weakness, so, the gold can climb higher in the next period.


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