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Gold continues to rise strongly after the earlier breakout of the major round resistance level 2000.00 and the resistance trendline of the wide, multi month daily up channel from the middle of March (as can be seen from the daily Gold chart below). Given the rising daily Momentum, close position of the support level 2000.00 and the sharp daily uptrend – Gold is likely to extend the gains toward the next resistance level 2100.00 (top of narrow daily up channel from the middle of June).
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