Gold Outlook: Fresh Bounce After Repeated Downside Rejections Generates Initial Reversal Signal

<p>Spot gold price rose above $1700 mark on Wednesday as global stocks are in defensive, prompting investor into safer assets. The price is gaining positive momentum after pullback from new multi-year high at $1747 repeatedly failed to make a clear break below initial Fibo support at $1678 (23.6% of $1455/$1747). Tuesday’s strong downside rejection which […]</p>
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