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Commodity Evening Update: Gold gains, Crude Oil drops

 

GoldSeek - Gold price has taken support of its horizontal trend line at 39,400 levels on the hourly chart. Momentum indicator RSI has shown a positive crossover on the hourly timeframe, which indicates bullishness in the price. Based on the above technical parameters, gold is looking bullish with a potential to reach 39,800. The outlook will change above 39,390 levels.

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‘Gold, gold, gold, gold’ — CNBC host Jim Cramer...
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