(Kitco News) – The month-to-month continuation chart for close by Comex gold futures reads very bullish. Costs have been trending increased because the late-2015 low. The uptrend has accelerated in current months, with the following upside goal being longer-term chart resistance at $1,600.00. The acceleration of the longer-term worth uptrend suggests a problem of the all-time excessive of $1,908.60, scored in 2011, or above. A drop in close by Comex gold futures again under longer-term chart help at $1,375.00 would dent the bulls’ longer-term technical energy.
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