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Gold prices complete the first bullish pattern, where next?

By: Invezz

Gold prices (XAU/USD) climbed above $1,800 per ounce for the first time since 2011 as investors flee to safe-haven amid the rising number of new COVID-19 infections. The bulls completed an ascending triangle chart pattern and are now looking to consolidate gains near the recent highs. New 9-year high Gold spot prices exceeded $1,800 per ounce on Tuesday for the first time in 9 years. This move came on the back of the record inflows and risk-off attitudes.  While the stock market is experiencing a slowdown, gold and other safe-haven investments continue to thrive. An increase in new coronavirus cases

The post Gold prices complete the first bullish pattern, where next? appeared first on Invezz.

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