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Daily Oil, Gold, Silver Technical Analysis | August 29, 2023
The increase from the daily SMA 200 point has started at this time with the price of gold rising quite significantly. If the price can continue strengthening and eventually form a higher swing high then the bullish trend can continue. However, it should be noted that in September the Fed will raise interest rates which could put bearish pressure on gold prices. Today’s critical levels to watch: Support: $1,900, $1,850 Resistance: $1,950, $2,000, $2,069, $2,074 Silver moving toward $25.00 – $26.00 chart The strengthening occurred at today’s silver price where the strengthening has a fairly strong bullish ... (full story)