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Gold pullback to run deeper? What's the play?

Gold pullback to run deeper? What's the play?
The latest retreat has roughly two parts to it as gold bulls were once again unable to chase a break above $2,070-75 from the 2020 and 2022 highs, as well as the dollar and bond yields moving higher in tandem. That pushed gold back towards the support region around $1,975-81 and that eventually gave way in trading yesterday.While there is a bit of a pullback now with dollar gains easing up, gold is still trading below $1,970 and sellers are keeping in near-term control for now. Here's a look at... Read More
Posted: May 19 2023, 10:12
Author Name: forexlive
Views: 102144

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