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Gold Prices Skyrocket: Bulls Charge as Bears Flee!

Hold onto your hats, folks! The precious metal market is flipping upside down as gold prices soar over a staggering $100 in just TWO sessions! With Canadian traders celebrating Victoria Day, the trading volume is hitting rock bottom—and this typically quiet week is bound to make waves in the market!

But talk about a twist! The low volume isn’t stopping the gold bulls from flexing their muscles! The buying frenzy is real, and savvy investors took the plunge to snag this glittering asset as prices surged back to new heights! This could become a gold rush like we haven’t seen in ages!

Golden Barrier or Crash Alert? What’s Next?

Buckle up! The initial days of July aren’t looking like a picnic for the risk-takers. The flow from last month is tapering off, leaving gold and its competitors to battle it out. As gold fights to stay on its upward trend, we’ve seen a significant correction from last month—over 5%! This is not a drill, people!

The Gold Daily Chart: Bulls are on Fire!

This chart is lighting up with bullish vibes! Our gold bulls are leveraging a rising daily trendline to their advantage, showcasing the undeniable power of psychological price points! Prices just vaulted over that key 50-Day Moving Average! This could be the spark for a massive upward swing, unless…hello, new tensions in the Middle East?!

4-Hour Chart: Momentum is Unstoppable!

Feel that electric momentum? It’s a tight bull channel ripping through resistance at a whopping $3,250! Sellers are getting squashed under the relentless pressure of the bulls! There’s no stopping this train—unless we see a close below the previous bull candle. Can you say “danger zone?”

1-Hour Chart: Resistance at the Gates!

Gold is off and running with no signs of slowing down! A breakthrough from the hourly descending channel means sellers are sweating bullets. Immediate resistance is set at $3,360, with overbought signals giving bears a slim hope to claw back some ground. But as long as prices stay above the mighty $3,300 pivot point, the bulls hold the reins!

One slip below that level, and sellers might just take the wheel again. It’s a high-stakes showdown!

STRAP IN and keep your eyes peeled—this gold saga is just beginning!