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Gold Remains Bullish Above 1875

Key Support: 1890 - 1870

Key Resistance: 1910 - 1925

Gold has been in a very strong bullish move since the beginning of April (+13.78% move) breaking with the long term bearish structure it had been trading in since it hit all time highs back in August 2020.

The last time we broke with a new high and held it as support was back in May 16th and when that happen Gold rallied 2.5% to create a new high around 1890.