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Gold waits on dollar direction for next move

Gold waits on dollar direction for next move
Similar to EUR/USD and USD/JPY last week, it looked like gold was facing a technical break lower as price fell through the support region of $1,975-81. However, with the dollar getting checked back on Friday and in trading today, we are seeing price action consolidate a little as traders call into question the breakout move from last week.The US debt ceiling talks seem to be the main focus in markets at the moment and that is arguably keeping dollar gains in check. Now, gold is trading back towa... Read More
Posted: May 22 2023, 10:54
Author Name: forexlive
Views: 111252

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