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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...
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Posted: May 19 2023, 10:12
Author Name: forexlive
Views: 102144