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Chart of the Week: Gold bulls step in at critical support

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Gold prices might finally stablise following the drop from last week.

The following illustrates the potential for a reversal from a longer-term point of view and a healthy correction from a nearer-term outlook.

Monthly chart

The monthly reverse head-and-shoulders is a bullish chart pattern that could be in the making if the price continues higher next month. 

Weekly chart

Daily chart

4-hour chart

Gold prices might finally stablise following the drop from last week.

The following illustrates the potential for a reversal from a longer-term point of view and a healthy correction from a nearer-term outlook.

Monthly chart

The monthly reverse head-and-shoulders is a bullish chart pattern that could be in the making if the price continues higher next month. 

Weekly chart

Daily chart

4-hour chart

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