GOLD: establishing a higher base?
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The gold price has been rising since the middle of last week. Fueled by the US-China tensions, it comes to test the resistance of $1,750. This level marks the upper border of the channel in which the price has spent most of the last two months. Breaking it and eventually doing the same to $1,765 would mean that finally, gold is planning to establish a new baseline level. Will that happen this week? Very possibly. For that, let's watch the news and the response of the gold price around the mentioned key resistance levels.
