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Daily Oil, Gold, Silver Technical Analysis | August 21, 2023

From fxdailyreport.com

The price of gold has dipped and closed below its daily SMA 200 and $1,900. The sentiment for gold prices remains bullish in the long term but needs significant strengthening above the daily SMA 200 and $1,900. For now, traders will continue to accumulate long positions while waiting for bullish momentum. Today’s critical levels to watch: Support: $1,900, $1,850 Resistance: $1,950, $2,000, $2,069, $2,074 {chart} Silver prices are moving back up above the $23.00 point which could be indicative of further strength. The range of movement again is between $ 23.00 – $ 23.90 and traders will wait for developments while ... (full story)

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