gold ETF If gold can close Dec. above $1,850 it can go to $2,750 says technical analyst
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End of November so time to look at some monthly charts. Let's start with precious metal porn. Uhhh... ok here's #gold. Long way to go for the breakout, but is that a giant ass bullflag I see on $GC? pic.twitter.com/ryWKMQcmncNot only is the technical picture supporting long-term gold prices, but Cordova said that the precious metal has some solid fundamental support whether the U.S. economy falls into a recession or not.
Although Cordova sees bullish potential for gold, she added that it is essential to wait for the proper breakout: the monthly move above $1,850 an ounce.
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