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Gold Technical Analysis - The sellers are eyeing a big selloff

The Fed hiked interest rates by 25 bps as expected leaving the policy statement unchanged. The market was eager to get some clues on the next policy moves but was disappointed as Fed Chair Powell just reaffirmed their data dependency and kept all the options on the table. Yesterday, the US Jobless Claims beat expectations by a big margin again and sent hawkish vibes across the markets. Gold is inversely correlated with US real yields and therefore it weakened following the data. Gold Technical A... Read More

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Content Topics

Gold

Technical

Analysis

Sellers

Eyeing

Selloff

Forex

Posted: Jul 28 2023, 09:41

Author Name: forexlive

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