Gold launches 2021 with 2% gain!
Risk-on moods can be spotted on the global financial markets at the beginning of 2021. Stock markets are moving higher along with commodities. USD weakness is supporting precious metals with silver and platinum being top movers gaining over 3% each. Gold is also catching a bid gaining 2% today and breaking above the downward trendline in the $1,900 area.
Gold has broken above the downward trendline and the resistance at $1,900. Next price zone to watch can be found in the $1,965 area. Source: xStation5
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