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Daily Market Analysis 16.08.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1779.24 with take profit at  1781.56 Bearish Preference: Sell position is envisaged if price trades below 1775.31 with take profit at 1772.93 Fundamentals:No major fundamental  Comment:It remains to be seen if the Federal Open Market Committee (FOMC) Minutes will influence the price of gold as the slowdown …

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Daily Market Analysis 11/08/2021: EURUSD

Instrument: EURUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.17277 with take profit at 1.17407. Bearish Preference: Sell position is envisaged if price trades below 1.16992 with take profit at 1.16837. Fundamentals:1:30pm     USD CPI m/m                 USD Core CPI m/m Comment: The dollar strengthened in early European trading Wednesday, extending …

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