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Gold Technical Analysis - The bears remain in control

The quick rise in the US real yields and the US Dollar in August weighed a lot on Gold and the yellow metal sold off with very shallow pullbacks along the way. Recently, the less hawkish comments from Fed members and the miss in the US PMIs gave Gold some support as the Treasury yields and the USD retreated. Going forward it’s going to be all about the data as strong readings should keep weighing on Gold while a deterioration in the data should support it. Gold Technical Analysis – Daily Timefra... Read More

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Content Topics

Gold

Technical

Analysis

Bears

Remain

Control

Forex

Posted: Aug 28 2023, 09:44

Author Name: forexlive

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