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XAUUSD Technical Analysis

On the daily chart below for XAUUSD, we can see that after the overnight flash spike the last week into the record 2076 high, the price got rejected and extended the fall as the NFP report surprised to the upside. The buyers leant on the red long period moving average and the 2000 psychological round level to push again to the upside and unwind the NFP spike. Gold has been supported by a fall in real yields, a weak USD and the US debt ceiling drama, but the US CPI report today may kick in a deep... Read More

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Xauusd

Technical

Analysis

Forex

Posted: May 10 2023, 10:42

Author Name: forexlive

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