Gold Still in Position for Breakout by End of Year

Author, CMT, and Editor @ The Daily Gold
November 1, 2023

Gold closed October at $1994, failing to close above monthly resistance at $2000.

Monthly and quarterly resistance remain at $2000, while yearly resistance remains at $1900. Should Gold close at $2010 or higher on December 31 then it will make a new yearly, quarterly and monthly high.

The Daily Gold

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Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association. He is the publisher and editor of TheDailyGold Premiuma publication which emphasizes market timing and stock selection, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets. He is also the author of the 2015 book, The Coming Renewal of Gold’s Secular Bull Market which is available for free. TheDailyGold.com was recently named one of the top 50 Investment Blogs by DailyReckoning and WalletHub.


A single ounce of gold (about 28 grams) can be stretched into a gold thread 5 miles (8 kilometers) long.
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