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Gold Technical Analysis - More downside expected

Gold Technical Analysis - More downside expected
The uncertainty around inflation due to another increase in energy prices and the risk of a recession continue to keep Gold in a range. In fact, we saw a rally in Gold around the end of August as the US data started to surprise to the downside with the labour market indicators showing weakness, but then the data restarted to show strength and Gold sold off again. Last Friday, we got a rally in Gold which was caused mainly by a technical breakout as there was no data supporting such a move. There... Read More
Posted: Sep 18 2023, 08:07
Author Name: forexlive
Views: 091152

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