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GOLD forms Pocket Pivot on August 21
GOLD closed up 1.2% on Friday, August 21st, with volume running 1.1× above average. Multiple bullish signals emerged — Stochastic Reached Overbought and Pocket Pivot — suggesting potential strength ahead. Key support levels exist at 45.26, 44.31 & 43.52, with resistance at 47.0, 47.79 & 48.73. Additionally, Slow Stochastic points to overbought territory, hinting at a potential consolidation.
Current SwingTradeBot Technical Rating of GOLD: A
Want the complete picture? Head to SwingTradeBot to see the rest of today’s action.
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