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Gold Technical Analysis - Stuck in a range

Gold is still stuck in a range as the economic data remains mixed. We got very strong economic releases in August that led to a selloff in Gold as real yields and the US Dollar rose, ultimately weighing on the yellow metal. In the past couple of weeks though, the data started to weaken, especially on the labour market side and that led to a quick rebound in Gold. Last week, we got again two strong reports with the ISM Services PMI and Jobless Claims beating expectations by a big margin. As long... Read More

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Content Topics

Gold

Technical

Analysis

Stuck

Range

Forex

Posted: Sep 11 2023, 07:09

Author Name: forexlive

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