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Panthera Resources Plc

Gold breaks through resistance

The price of gold has finally broken higher, moving above the $1497 area that has acted as resistance since mid-October. Further gains head towards $1530 and $1550.

Having built a base around $1480, higher lows will provide buying opportunities, with a move below this negating the more bullish outlook.

Panthera Resources Plc (LON:PAT) was incorporated in the UK and Wales in 2017. The company is focused on its gold exploration and development projects in India and West Africa and the optimisation of other mineral projects.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.