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Gold Goes for Break – XAU/USD Massive Move Following $4k Support Build

Gold Goes for Break – XAU/USD Massive Move Following $4k Support Build

I looked into gold at the start of this week and as I said then, sellers were seemingly showing signs of stall as the $4k level had elicited multiple iterations of support. More recently, it was the higher-lows showing a degree of bullish anticipation, but it wasn't until this morning that buyers took that much needed next step, by pushing price up to a fresh monthly high.

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