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Daily Oil, Gold, Silver Technical Analysis | May 27, 2022

From fxdailyreport.com

{chart} Gold prices managed to return above the daily SMA 200 and $1,850 handle. No bullish continuation yet as the price currently testing both levels. If the price could bounce from the level then gold prices will continue upward to test $1,900. Traders will observe the price reaction at $1,900, we might see a major bearish reversal from the level or a major bullish breakout and continuation toward $2,000. Today critical levels to watch: Support: $1,850, $1,800, $1,780. Resistance: $1,900, $1,953. Silver continue upward toward $23.00 – $23.90: {chart} The upward movement of silver prices is slow after the bounce ... (full story)

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