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Daily Market Analysis 24.05.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference:  Buy position is envisaged if price trades above 1859.92 with take profit at  1862.80 Bearish Preference: Sell position is envisaged if price trades below 1850.56 with take profit at 1847.86 Fundamentals:No Major Fundamental Comment: Gold prices are attempting to close a four-day advance with XAU/USD rallying alongside equities today. The recovery off downtrend support is now …

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Daily Market Analysis 08.03.2022: GOLD

Instrument: GOLD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 2028.08 with take profit at 2035.25. Bearish Preference: Sell position is envisaged if price trades below 2009.34 with take profit at 2002.45. Fundamentals:No major Fundamental Comment: Gold prices are attempting to mark a sixth-consecutive weekly advance with a breakout in XAU/USD surging more than 12.4% off the …

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