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Daily Oil, Gold, Silver Technical Analysis | February 19, 2024
After a bearish reaction that pushed the price down below the $2,000 mark. Gold prices appeared to recover and closed above the $2,000 mark at the end of the week. Currently, the price seems to be trying to continue its bullish movement. If the increase continues then there is an opportunity for the formation of a higher swing high point. Traders will continue to monitor developments in current price movements for a chance to add long positions when a bearish pullback happens. Today’s critical levels to watch: Support: $2,000, $1,950, $1,900, $1,850, $1,800. Resistance: $2,069, $2,074. Silver retesting $23.00. ... (full story)