Gold price broke the intermediate resistance of its midterm bearish channel at 1572 leading to acceleration. A pull back at these levels is expected before the resumption of a bullish trend.
Amid the latest events, the market indicates a bullish opportunity at the levels of 1572 with the 1st objective of 1585, then of 1590. A break of 1569 would cancel this scenario.
Before investing in the gold or silver trading market make sure you know all the gimmicks of the international trading of these commodities. Place long positions if you think that the gold prices per ounce is increasing however, if you think that prices are going to decline you can place short positions to avoid any loss over your investment.
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Before investing in precious metals like gold silver you must learn experts views on them. It will help you to make a better decision. Reports on commodity market are offered by epic research as well.
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