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Home News Gold Prices Surge to New Record Highs

Gold Prices Surge to New Record Highs

by Barbara

Today, on July 17, 2024, the price of gold has reached unprecedented milestones, surpassing the $2450.00 mark and achieving a new peak at $2475.00. This surge marks a significant breakthrough, with projections pointing towards further milestones, particularly aiming to breach the $2500.00 barrier.

The upward momentum is supported by the EMA50, signaling potential for continued gains, albeit possibly interrupted by temporary sideways movements influenced by stochastic indicators showing negativity. Analysts caution that a retreat below $2450.00 could halt the current bullish trend, prompting a short-term correction before a potential rebound.

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For today’s trading session, experts anticipate a trading range between support at $2455.00 and resistance at $2500.00, highlighting key levels to watch amid ongoing market volatility.

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