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Gold Technical Analysis - We are hovering around a key level

The US real yields keep on rising non-stop and given the inverse correlation with Gold, we saw the precious metal falling non-stop as well. The economic data continues to show a resilient economy even after the second most aggressive tightening in history and this makes the market wonder if the Fed might need to do more. Overall, there are more bearish drivers for Gold than bullish ones at the moment, and we should keep seeing the downtrend continue unless the data starts to point towards a rece... Read More

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Content Topics

Gold

Technical

Analysis

Hovering

Around

Level

Forex

Posted: Aug 17 2023, 09:42

Author Name: forexlive

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