11:17 AM · 7 March 2022

BREAKING: Gold tests $2,000 area again

Gold is once again testing $2,000 per ounce area. First attempt of breaking above was made during the Asian session. Moreover, price broke above the 78.6% retracement of the latest large downward impulse. All-time highs in the $2,075 do not look so distant anymore. Drop in US yields in supporting gold price gains. Textbook range of a breakout from a triangle pattern points to an upward move towards $2,050-2,060 area. All precious metals are experiencing strong gains today.

Gold is once again testing the $2,000 area. Source: xStation5

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Commodities

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