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Gold bulls have complete control of the situation! Gold prices are expected to continue to reach new highs. FXStreet's chief analyst analyzes the technical outlook for gold prices.
On Wednesday, in the Asian market session, spot gold was trading near $2740 per ounce; the price of gold surged over 1% on the previous trading day. Valeria Bednarik, Chief Analyst at FXStreet, pointed out that as gold continues to hit new highs, the bulls currently have full control of the situation.