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RHB: Next week, COMEX gold futures may attempt to break through the resistance level of 4400 USD again.
Golden Finance reported that RHB Investment Bank Bhd stated in a report on Friday that as investors position themselves ahead of key economic data in the United States, COMEX gold may attempt to break through the resistance level of $4,400 per ounce again next week. If a breakout occurs, gold prices may continue their bullish trajectory towards the next resistance level of $4,500. If selling pressure increases, prices may retreat to the 20-day simple MA. Currently, we maintain a positive trading bias.